NPS systematic withdrawal plan suits retirees with large corpus
The National Pension System (NPS) now allows retirees to systematically withdraw 60% of their corpus while the remainder grows, benefiting from better annuity rates at later ages. Retirees can contribute till 75, optimizing tax-free lump sum withdrawals and systematic instalments. This feature is ideal for those with significant voluntary pension contributions.
The National Pension System (NPS) now allows retirees to systematically withdraw 60% of their corpus while the remainder grows, benefiting from better annuity rates at later ages. Retirees can contribute till 75, optimizing tax-free lump sum withdrawals and systematic instalments. This feature is ideal for those with significant voluntary pension contributions.
