Friday, October 01, 2021

Happy Pension Day - Celebrating NPS Diwas, a tool for retirement planning

Happy #pensionplanning
Happy #npsdiwas.

Today, 1st October is celebrated as NPS Diwas.

N.P.S. is a National Pension System regulated by Pension Fund Regulatory and Development Authority (PFRDA), under department of financial services.

It is a tool for #retirementplanning for #salaried as well as #selfemployed professionals.

The contribution towards the same is claimable U/s 80C upto 1.5 lac and additional upto 50000 under 80CCD

It offers Tier 1 and Tier 2 as investment options,were basically Tier 1 has tax advantages and has restrictions on usage while Tier 2 does not offer tax advantages but offers lot of flexibility.

This is one of the lowest cost investment option currently available, which also has tax advantages.

Happy Investing.

#financialplanning #financialliteracy #financialplanning #wfpd2021 #wiw2021

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