Showing posts with label nps. Show all posts
Showing posts with label nps. Show all posts
Saturday, February 18, 2017
How much amount will I get after retirement from NPS
How much amount will I get after retirement from NPS
How much amount will I get from NPS after retirement?
National Pension Scheme (NPS) or New Pension Scheme is the compulsory Pension scheme for the Central government employees who joined the organisation after the year 2004. This is the Contributory Pension Scheme for all the employees who joined after 2004.
In this Pension Scheme, 10 % of employees basic salary will be deducted and the same amount will be added by the Government to employees NPS account. To know approximately how much amount one will get after retirement, NPS trust has designed a calculator. The URL of the NPS Calculator is http://www.npstrust.org.in/PENSIONCALC/Index.html .
In the calculator, we have to enter the age and how much amount for NPS is being deducted in the salary, expected return on investments and percentage of Corpus reinvested for Annuity(Minimum is 40%) . NPS Calculator will give you approximately how much amount will get after the retirement.
Though the calculations are approximately, NPS Trust Calculator will give an rough idea on how much amount will a employee get after retirement.
Read my articles on How to check amount in New Pension Scheme and Benefits of New Pension Scheme
Read my articles on How to check amount in New Pension Scheme and Benefits of New Pension Scheme
Available link for download
Sunday, December 11, 2016
How to withdraw money from New Pension Scheme NPS
How to withdraw money from New Pension Scheme NPS
New Pension Scheme (NPS)
In my previous article I explained about New Pension Scheme (NPS) and the benefits of New Pension Scheme and also discussed about how to check balance in New Pension Scheme . New Pension Scheme in short called as NPS which is the default pension scheme for all the Central Government employees who joined the organization on or after 2004.Difference between Old Pension Scheme and New Pension Scheme
The main difference between the Old Pension Scheme and the New Pension Scheme is "in the old pension scheme after the retirement of the employee from the organization Government will provide certain amount monthly in the form of pension. The amount provided to the employee will depends on the basic of the employee what he/she is earning at the time of retirement(60 years).
In the New Pension Scheme from the starting of his/her employment both Employee and Government will invest certain amount (10 % of basic salary) in the market (controlled by PRFDA) through out his career. At the time of retirement 60% of the total deposited money can be withdrawn (lump some at the age of 60 or in total at the age of 62) and the remaining 40% of the money should be invested in any annuity (like Insurance or some other ) directed by the Government. The interest on the annuity is the pension for the employee in the New Pension Scheme.
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Wednesday, September 21, 2016
Benefits of New Pension Scheme NPS
Benefits of New Pension Scheme NPS
New Pension Scheme (NPS)
What is New Pension Scheme ?
New Pension scheme (NPS) is the pension scheme which is introduced by the Central Government of India for its employees who join the Central Government organizations on or after 2004. NPS is also called as "Contributory Pension Scheme". Earlier to NPS, there is a Defined Pension scheme in which a defined amount of Pension will be given to employees as a monthly salary after their retirement.
How much amount will be deducted from your Salary under New Pension Scheme (NPS)?
In NPS 10% of your basic salary will be deducted and the same amount will be added to your NPS account from the government side. The total amount will be invested into the share market under the supervision of NPRDA.
Types of Investment in NPS
There are two types of investment choices in the NPS. First one will be the auto choice in which based on the age of an employee investment will be made and the second will be active choice. In active choice, A employee can suggest how much amount will be invested in all the three class E, G & C. (E-Equity, G-Government Securities, C - Investment in fixed income groups other than Government)
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