it is 33% (30+3% surcharge) tax saving for > 50 Lakh salary guys. NPS investment makes 49.25 % profit (100% captial money) if we compare it with Mutal fund (67% captial post 33% tax deduction). NPS performance is inline with Largecap MFs. If you are 40 year old with >50Lakh bracket. I feel, NPS make sense for me for my retirement plan.
Why doesn't NPS not allow SWP as an additional option to take pension other than the annuity option, this is a very important question that should have been asked
@@sumitpal1975 This is available only on the 60% lumpsum withdrawable amount. I was talking about giving an option of SWP along with the annuity option on the 40% amount. They can restrict the SWP to between 3-4% of the corpus annually.
The word pension and annuity are synonyms so that’s in the name and not hiding with Jeevan this Jeevan that . Most Jeevan products are pension products
EPS system which is deducting 4% of basic salary for pension. The NPS has bigger lock in for annuity i.e. 40% of final corpus. Removing compulsion for annuity will make this product super attractive. Lockin is ok till retirement but If someone wants lumpsum of his corpus to be removed at retiment let him take it. If someone wants pension he will invest in annuity. One more thing which was not discussed, and I am aware of it for sure is, there are different options by which annuity principal will be returned to nominee after death of NPS annuity holder.
This discussion on NPS was very informative and helpful sir. Thank you very much 🙏. I will definitely go for contributing to NPS. And even thinking of starting the NPS Vatsalya scheme for both my children.
Two improvement opportunities in Tier 2 construct: 1. Taxation on redemption is at individual's tax bracket unlike MF/ Direct Equity / ULIPS. Moving corpus to Tier 1 means that it can be only used for retirement corpus and no other goal. 2. Index / passive option not available in Equity scheme
Anupam Ji, a request to you. If possible try to get Mr Sankar Naren CIO of Ipru Amc to your channel, it will definitely be great to hear his thoughts on equity.
The current NPS rules and taxation are so good that one should liquidate most other assets and invest in NPS. Most likely the FM will see this and put a cap on voluntary Unlimited contribution sooner or later. Go all in before that
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Kathie Daisy Bosco who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I'm 39 years old, recently laid off, and in a new phase of my life. What are my best options for steady income given that I have 425K saved for retirement, 10K in an HSA, and a property that might bring in an additional 200K?
Today, it’s easier to figure out how to improve your retirement savings. With inflation, you can use a professional portfolio manager to explore different markets passively. The impact of US dollar shifts on assets is complex
Even if finance isn't your strong suit, you can always bring in an expert. My $850,000 retirement fund took a nosedive in April, but I quickly called in a financial advisor. They crafted a smart plan to turn things around, and I’ve since pocketed over $250,000
There are a few standout experts in this field. I’ve tested out a handful over the years, but June Renae Matthysse has been my top pick for the last five years. Her performance is consistently impressive, and she’s a real name to know in the industry. Check her out
I found her contact information, emailed her, and arranged a call. Fingers crossed she responds. I plan to start next year with a solid financial footing
I was hoping there would be in-depth discussion on the annuity part more and how it's make sense for someone to invest for 30-35 years and not bother about 40% of the corpus (which will not even beat inflation).
The annuity part is one of the worst components of nps, I wish it would be scrapped in the future and the entire amount would be handed over to the subscribers.
@@amankapri They won't speak about the real evil if NPS, that is annuity. This is just a new scam run by Govt after the decadal loot of LIC is going to end soon.
The main negative aspect of NPS is the rate of return from the annuity which is around 4% to 5 %. Very very low return from annuity. I don't understand why the rate of return from the annuity scheme is so less.
Not accurate, that is thevlowest return. As of today a person retiring at 60 and opting for annuity can get 6-7% or even higher on annuity depending on a number.ber of criteria a d options chosen (deferment,afe etc.)
@@sudip_curiousmind agree that returns are around 6 and 7 % when you opt for no return of the money at death. And the returns are not inflation adjusted. Pension is the product which will be chosen by someone who wants steady income , inflation adjusted with no tracking of investments.
In all honesty, there hasn't been anything new here that was discussed with regards to NPS, probably because it's pretty much the same story of NPS being a "con" heavy product. To really make this product viable - 1) Make it an Index fund, preferably that follows Nifty50/Sensex. Can probably further lower the cost. 2) Annuity plan that is bought into should be inflation linked. So much gyan about retirement without providing an inflation coverage makes no sense. 3) People understand now that this is a retirement product and don't need a forceful lock in. At least the product should allow 80-90% withdrawal of entire corpus in case of emergencies. What's the point of retirement if you cannnot treat your family's emergency when needed? 4) The introduction of UPS means, NPS will be taking a back seat from a government's POV. This clearly tells that NPS is not a solution for retirement problems that India is going to face in the future!
@@002nrv the essence of the msg here is not to make it further low cost. The focus is to make it an Index fund and by doing so, if the by product is further lowering of cost, then why not?
it is 33% (30+3% surcharge) tax saving for > 50 Lakh salary guys. NPS investment makes 49.25 % profit (100% captial money) if we compare it with Mutal fund (67% captial post 33% tax deduction). NPS performance is inline with Largecap MFs. I am 40 year old with >50Lakh bracket. I feel, NPS make sense for me for my retirement plan.
@@ankushdadhwal20 Yes, it's there. All subscribers (government, Tier I) get the privilege of having their contributions funneled into the default scheme, where a whopping 15% is daringly invested in equity and the rest sits comfortably in fixed income. Of course, subscribers have no say in this brilliant strategy, which generously delivers around 9% returns each year. What a deal!
@@ankushdadhwal20 Yes, it's there. All subscribers (government, Tier I) get the privilege of having their contributions funneled into the default scheme, where a whopping 15% is daringly invested in equity and the rest sits comfortably in fixed income. Of course, subscribers have no say in this brilliant strategy, which generously delivers around 9% returns each year. What a deal!
@@ankushdadhwal20 For government employees in Tier 1, the default choice is fixed between SBI, UTI, and LIC, with no option to switch providers. The portfolio is divided, with 15% invested in equities and 85% in government securities
This is the biggest problem in the NPS structure. On that 40% annuity, people are getting somewhere around 6 to 7 % returns with no money back at death. This must improve.
The annuity plan is not attractive, as it takes 40% of the total corpus. A systematic withdrawal plan (SWP) in mutual funds seems more beneficial. Why not offer individuals the option to choose between these alternatives, or make the annuity plan more appealing?
The annuity plan for the safety net, like SWP of course...If one is happy with SWP then annuity is also the same(Compulsory of course, letting out your emotions and not misuse for you or for children but for the person who has actually saved and is old)
@@desaigovardhan An annuity plan is only good for a person with zero financial knowledge whatsoever to speak of but if you have a even sliver of the said knowledge you will definitely steer away from an annuity plan, but of course they are a good product for people who don't want to worry about their market return and are comfortable with paltry but assured returns of an annuity product. But the mandatory purchase of annuity in the NPS certainly is a poor decision on the part of PFRDA which has deterred many from investing in the NPS.
So let me get this straight, I invest all my life till the age of 60 only to discover, I don't have access or control over 40% of that money. Welcome to NPS!
Well different products have different advantages and disadvantages, in a another comparable product like equity MF you will straightway pay 12.5% of the gains as capital gains tax.
@@sudip_curiousmind I agree with the technicality of your comment. However, you could avoid LTCG of 12.5% through strategies such as repurposing for real estate there are sections that help with that and also reduce tax via cleverly using SWP. However, 40% of annuity even after so many years of investing is a bit odd. The control should be over the individual. Plus the returns at a long term in NPS considering lockin and annuity are relatively low. But you are right different instruments has its own advantages or disadvantages and based on pur needs it is up to us to decide. I hope the government amends the NPS instrument to make it more lucrative.
It's NPS. Don't you see the word Pension? Whenever there is pension there is a kind of annuity. The money is not for investment but for a security during your retirement. You are getting 60% that's enough. Don't go for it if you don't want pension.... it's as simple as that. There are lots of other options. Go for that....NPS is not for investment. The only thing is it's Market linked..if you wish.
Only to discover??? Man! You mean you will invest for 60 years without knowing that 40% will be pension 😂. So it is schemes fault or yours? I can only say, Please get educated 😊
I don't know why everybody going dumb all of a sudden. Its a pension system guys, not an investment portfolio. Why do you even expect lump sum withdrawl? Its giving 60% which is more than enough for one. And 60 years lock-in is the best feature, so that you can't spend money for not needed things. And if you talking about emergencies, without already creating an emergency fund, I have nothing to say you.
Very well said. This is one product for a given purpose; and when you build a portfolio you can build emergency fund. That has nothing to do with pension.
A bit disappointing to see that you didn't address the 40% annuity component options.. Also, while discussing the lock in period, you only addressed the upside of staying invested i.e higher returns. What about cases where people don't have access to their corpus in certain unforseen circumstances, over and above the emergency fund? Just got a one-sided view.
Stay away from NPS, I have invested 50L and @ 60-40 equity and debt and my growth on CAGR shows 15.5% but over last 3 yrs the profit I earned is ₹7 Lakh. It’s even less than FD return
You may do a 100 podcats. But the elephant in the room, Super Annuity is a horrendous thing nobody can defend with honesty. Whatever retuns and tax saving you do is totally nullified by this Annuity devil.
This is true and they are not talking about it. 6 percent annuity rate is very low and it does not increase with inflation. Example- if you were getting 30000 when you turn 60 , even after 15 years( you turn 75) your pension will be again 30000… This is the biggest flaw in NPS.
This video is just like an LIC uncle bragging about benefits of taking a ULIP from LIC which yields only 4% and claiming that its tax free and will help you attain nirvana in the future 😂
The Honourable guest has got a lot of things wrong, especially about the Tier 2 to Tier 1 move. It is not tax free. Immediately, you will have to pay tax on your gains or marginal rates. This needs to be corrected
Sir, please go through the website of NPS. The transfer is tax free. You don't have to sale your units to transfer it to Tier 1 from tire 2 . So no tax to be paid on capital gains. I did that last year and I didn't pay any tax.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Maria Andersen
No one will tell you if in case Rahul Gandagi and Other Chor comes in to central power then, mark my word your Corpus will go down by atleast 60-65% , reason- to distribute your welth in one community... So your money is growing and safe till BJP in Power...
No one will tell you if in case Rahul Gandagi and Other Chor comes in to central power then, mark my word your Corpus will go down by atleast 60-65% , reason- to distribute your welth in one community... So your money is growing and safe till BJP in Power...
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it is 33% (30+3% surcharge) tax saving for > 50 Lakh salary guys.
NPS investment makes 49.25 % profit (100% captial money) if we compare it with Mutal fund (67% captial post 33% tax deduction).
NPS performance is inline with Largecap MFs.
If you are 40 year old with >50Lakh bracket. I feel, NPS make sense for me for my retirement plan.
Why doesn't NPS not allow SWP as an additional option to take pension other than the annuity option, this is a very important question that should have been asked
SLW ( Systematic Lumpsum Withdrawl ) is now active in NPS
@@sumitpal1975 This is available only on the 60% lumpsum withdrawable amount. I was talking about giving an option of SWP along with the annuity option on the 40% amount. They can restrict the SWP to between 3-4% of the corpus annually.
Annuity plan removes all the importance of NPS. This needs to be relooked..
The word pension and annuity are synonyms so that’s in the name and not hiding with Jeevan this Jeevan that . Most Jeevan products are pension products
EPS system which is deducting 4% of basic salary for pension.
The NPS has bigger lock in for annuity i.e. 40% of final corpus.
Removing compulsion for annuity will make this product super attractive.
Lockin is ok till retirement but If someone wants lumpsum of his corpus to be removed at retiment let him take it. If someone wants pension he will invest in annuity.
One more thing which was not discussed, and I am aware of it for sure is, there are different options by which annuity principal will be returned to nominee after death of NPS annuity holder.
This discussion on NPS was very informative and helpful sir. Thank you very much 🙏.
I will definitely go for contributing to NPS. And even thinking of starting the NPS Vatsalya scheme for both my children.
Very useful insights about NPS that I have ever gone through anywhere.
Two improvement opportunities in Tier 2 construct: 1. Taxation on redemption is at individual's tax bracket unlike MF/ Direct Equity / ULIPS. Moving corpus to Tier 1 means that it can be only used for retirement corpus and no other goal. 2. Index / passive option not available in Equity scheme
Do goal based investing , retirement money in nps tier2 and tier 1 and child education/ marriages in mutual funds
Anupam Ji, a request to you. If possible try to get Mr Sankar Naren CIO of Ipru Amc to your channel, it will definitely be great to hear his thoughts on equity.
Easiest targets are existing corporates which are on LIC Superannuation...Big bulk numbers with big bulk corpus
The current NPS rules and taxation are so good that one should liquidate most other assets and invest in NPS. Most likely the FM will see this and put a cap on voluntary Unlimited contribution sooner or later. Go all in before that
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Kathie Daisy Bosco who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I'm 39 years old, recently laid off, and in a new phase of my life. What are my best options for steady income given that I have 425K saved for retirement, 10K in an HSA, and a property that might bring in an additional 200K?
Today, it’s easier to figure out how to improve your retirement savings. With inflation, you can use a professional portfolio manager to explore different markets passively. The impact of US dollar shifts on assets is complex
Even if finance isn't your strong suit, you can always bring in an expert. My $850,000 retirement fund took a nosedive in April, but I quickly called in a financial advisor. They crafted a smart plan to turn things around, and I’ve since pocketed over $250,000
That’s wonderful! Do you think your advisor might be willing to speak with a stranger? I’m in serious need of proper portfolio allocation
There are a few standout experts in this field. I’ve tested out a handful over the years, but June Renae Matthysse has been my top pick for the last five years. Her performance is consistently impressive, and she’s a real name to know in the industry. Check her out
I found her contact information, emailed her, and arranged a call. Fingers crossed she responds. I plan to start next year with a solid financial footing
I was hoping there would be in-depth discussion on the annuity part more and how it's make sense for someone to invest for 30-35 years and not bother about 40% of the corpus (which will not even beat inflation).
The annuity part is one of the worst components of nps, I wish it would be scrapped in the future and the entire amount would be handed over to the subscribers.
@@amankapri They won't speak about the real evil if NPS, that is annuity. This is just a new scam run by Govt after the decadal loot of LIC is going to end soon.
More clarity on tax exemption needed about the SWP lump sum defereal
Nps review and revision done through this podcast
The main negative aspect of NPS is the rate of return from the annuity which is around 4% to 5 %. Very very low return from annuity. I don't understand why the rate of return from the annuity scheme is so less.
Not accurate, that is thevlowest return. As of today a person retiring at 60 and opting for annuity can get 6-7% or even higher on annuity depending on a number.ber of criteria a d options chosen (deferment,afe etc.)
This is after ideal period of 15-25 yrs guaranteed. Because interest rates ideally goes down in any growing economy.
@@sudip_curiousmind agree that returns are around 6 and 7 % when you opt for no return of the money at death. And the returns are not inflation adjusted. Pension is the product which will be chosen by someone who wants steady income , inflation adjusted with no tracking of investments.
There is no guarantee that maturity amount would be tax free. Now a days budget is unpredictable
Worth watching 👍
Annuity is the real problem in NPS. This problem nullifies the importance of NPS.
But its pension, not investment, are you really dumb or just kidding?
In all honesty, there hasn't been anything new here that was discussed with regards to NPS, probably because it's pretty much the same story of NPS being a "con" heavy product. To really make this product viable -
1) Make it an Index fund, preferably that follows Nifty50/Sensex. Can probably further lower the cost.
2) Annuity plan that is bought into should be inflation linked. So much gyan about retirement without providing an inflation coverage makes no sense.
3) People understand now that this is a retirement product and don't need a forceful lock in. At least the product should allow 80-90% withdrawal of entire corpus in case of emergencies. What's the point of retirement if you cannnot treat your family's emergency when needed?
4) The introduction of UPS means, NPS will be taking a back seat from a government's POV. This clearly tells that NPS is not a solution for retirement problems that India is going to face in the future!
Point 3 is nonsense and point 4 is conjecture
How much low cost you need, it's is already low then MF index cost
@@002nrv the essence of the msg here is not to make it further low cost. The focus is to make it an Index fund and by doing so, if the by product is further lowering of cost, then why not?
There's no future in India in my estimation. It's going the US way in the worst possible way.
it is 33% (30+3% surcharge) tax saving for > 50 Lakh salary guys.
NPS investment makes 49.25 % profit (100% captial money) if we compare it with Mutal fund (67% captial post 33% tax deduction).
NPS performance is inline with Largecap MFs.
I am 40 year old with >50Lakh bracket. I feel, NPS make sense for me for my retirement plan.
Changing fund manager or choice in tier 1 for government employees is not possible. Please suggest/comment if it is possible.
it is there, kindly check
@@ankushdadhwal20 Yes, it's there. All subscribers (government, Tier I) get the privilege of having their contributions funneled into the default scheme, where a whopping 15% is daringly invested in equity and the rest sits comfortably in fixed income. Of course, subscribers have no say in this brilliant strategy, which generously delivers around 9% returns each year. What a deal!
@@ankushdadhwal20 Yes, it's there. All subscribers (government, Tier I) get the privilege of having their contributions funneled into the default scheme, where a whopping 15% is daringly invested in equity and the rest sits comfortably in fixed income. Of course, subscribers have no say in this brilliant strategy, which generously delivers around 9% returns each year. What a deal!
@@ankushdadhwal20 For government employees in Tier 1, the default choice is fixed between SBI, UTI, and LIC, with no option to switch providers. The portfolio is divided, with 15% invested in equities and 85% in government securities
It's depend on employers.@@gsrahi
Disappointing, that 40% annuity was not even discussed which is major issue to address
This is the biggest problem in the NPS structure. On that 40% annuity, people are getting somewhere around 6 to 7 % returns with no money back at death. This must improve.
The annuity plan is not attractive, as it takes 40% of the total corpus. A systematic withdrawal plan (SWP) in mutual funds seems more beneficial. Why not offer individuals the option to choose between these alternatives, or make the annuity plan more appealing?
If they added the option to choose the annuity providers would go out of business, and how a can government of crony capitalists let that happen.
The annuity plan for the safety net, like SWP of course...If one is happy with SWP then annuity is also the same(Compulsory of course, letting out your emotions and not misuse for you or for children but for the person who has actually saved and is old)
@@desaigovardhan An annuity plan is only good for a person with zero financial knowledge whatsoever to speak of but if you have a even sliver of the said knowledge you will definitely steer away from an annuity plan, but of course they are a good product for people who don't want to worry about their market return and are comfortable with paltry but assured returns of an annuity product. But the mandatory purchase of annuity in the NPS certainly is a poor decision on the part of PFRDA which has deterred many from investing in the NPS.
Wonderful conversation. Thank you.
Under which section the deduction on employer's contribution to PF can be claimed?
u/s 80CCD (1B) this is for ordinary public nps. Not employer.
Why give 40% to insurance for annuity? Who said it will not go bust? Why can’t Govt Sita ji take that 40% and pay pension
Great content 👍
So let me get this straight, I invest all my life till the age of 60 only to discover, I don't have access or control over 40% of that money. Welcome to NPS!
Well different products have different advantages and disadvantages, in a another comparable product like equity MF you will straightway pay 12.5% of the gains as capital gains tax.
@@sudip_curiousmind I agree with the technicality of your comment.
However, you could avoid LTCG of 12.5% through strategies such as repurposing for real estate there are sections that help with that and also reduce tax via cleverly using SWP.
However, 40% of annuity even after so many years of investing is a bit odd. The control should be over the individual. Plus the returns at a long term in NPS considering lockin and annuity are relatively low.
But you are right different instruments has its own advantages or disadvantages and based on pur needs it is up to us to decide. I hope the government amends the NPS instrument to make it more lucrative.
It's NPS. Don't you see the word Pension? Whenever there is pension there is a kind of annuity. The money is not for investment but for a security during your retirement. You are getting 60% that's enough. Don't go for it if you don't want pension.... it's as simple as that. There are lots of other options. Go for that....NPS is not for investment. The only thing is it's Market linked..if you wish.
@@themboys304 nobody is forcing you to invest? Anyone ?
Only to discover??? Man! You mean you will invest for 60 years without knowing that 40% will be pension 😂. So it is schemes fault or yours? I can only say, Please get educated 😊
Fantastic
Is premature exit possible in tier 1 after 10 years
I don't know why everybody going dumb all of a sudden. Its a pension system guys, not an investment portfolio. Why do you even expect lump sum withdrawl? Its giving 60% which is more than enough for one. And 60 years lock-in is the best feature, so that you can't spend money for not needed things. And if you talking about emergencies, without already creating an emergency fund, I have nothing to say you.
True
Very well said. This is one product for a given purpose; and when you build a portfolio you can build emergency fund. That has nothing to do with pension.
@@mjspeaking Exactly right? This is why pre planning is always needed before implementation.
A bit disappointing to see that you didn't address the 40% annuity component options..
Also, while discussing the lock in period, you only addressed the upside of staying invested i.e higher returns. What about cases where people don't have access to their corpus in certain unforseen circumstances, over and above the emergency fund?
Just got a one-sided view.
Stay away from NPS, I have invested 50L and @ 60-40 equity and debt and my growth on CAGR shows 15.5% but over last 3 yrs the profit I earned is ₹7 Lakh. It’s even less than FD return
How it is possible?
What is taxation on tier 2
To ur logic one can get 42% more units in nps then what abt elss which more returns n lock in of only 3 yrs
You may do a 100 podcats. But the elephant in the room, Super Annuity is a horrendous thing nobody can defend with honesty.
Whatever retuns and tax saving you do is totally nullified by this Annuity devil.
This is true and they are not talking about it.
6 percent annuity rate is very low and it does not increase with inflation.
Example- if you were getting 30000 when you turn 60 , even after 15 years( you turn 75) your pension will be again 30000…
This is the biggest flaw in NPS.
This video is just like an LIC uncle bragging about benefits of taking a ULIP from LIC which yields only 4% and claiming that its tax free and will help you attain nirvana in the future 😂
Maturity age should be decreased to 50 years.
The Honourable guest has got a lot of things wrong, especially about the Tier 2 to Tier 1 move. It is not tax free. Immediately, you will have to pay tax on your gains or marginal rates. This needs to be corrected
Sir, please go through the website of NPS. The transfer is tax free. You don't have to sale your units to transfer it to Tier 1 from tire 2 . So no tax to be paid on capital gains. I did that last year and I didn't pay any tax.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Maria Andersen
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Maria Andersen strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Really you people know her? I was even thinking that l'm the only one she has helped walk through the fears and falls of trading
I am a newbie, how can I contact her?
she's mostly on Telegrams, with the user name.
No one will tell you if in case Rahul Gandagi and Other Chor comes in to central power then, mark my word your Corpus will go down by atleast 60-65% , reason- to distribute your welth in one community...
So your money is growing and safe till BJP in Power...
Nps became available to all citizens from 2009 and bjp was not in power at that time. Bjp came after 2014
No one will tell you if in case Rahul Gandagi and Other Chor comes in to central power then, mark my word your Corpus will go down by atleast 60-65% , reason- to distribute your welth in one community...
So your money is growing and safe till BJP in Power...