Wed, Aug 14, 2024
NPS vs SIP vs EPF: NPS has Tier I and Tier II accounts. The starting investment age is 18 years, and the maximum age is 75 years. In EPF, the minimum monthly contribution is Rs 1,800, and the maximum is up to 12 per cent of the basic salary and dearness allowance of the employee. Systematic investment helps one fight market fluctuations since SIP provides rupee cost averaging, where an investor buys the same NAV at different prices.
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Tue, Jun 25, 2024
Retirement Planning: NPS provides compound growth. It has Tier I and Tier II accounts. Withdrawals up to 60 per cent at the time of retirement are tax free. The rest, 40 per cent, which is invested in annuities, is also tax-free. However, income from annuities received in the form of a monthly pension is taxable.
Sun, Mar 19, 2023
Paisa Wasool 2.0: National Pension System or Employees' Provident Fund, we answer which is the better tool as far post-retirement financial security is concerned.
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