If you have not invested in NPS yet, then start investing soon. Under this investment you will get attractive pension per month.
Retirement is a biggest question in itself. We don’t start the job or get worried about retirement in advance. Youths working in the private sector especially struggle with this problem. There are many investment options available to them. However, the National Pension System is a great way to invest money for retirement. You can invest a part of the salary in NPS scheme and enjoy the benefits after retirement. It is one of the best retirement options for retirement planners. If you want to have a good corpus after retirement, then you should start at a young age. If you want to get more than Rs 75,000 as pension, then you have to deposit a certain amount of salary for NPS.
Invest every month
Rs 75,000 per month is an adequate pension package. With this money, a person can easily live after retirement. The NPS has four asset classes – equity, corporate debt, governance bonds and alternative investment funds. An investor has two options to invest money – Active and Auto Choice. In these, there is less risk than equity and more returns than PPF and Fixed Deposit (FD).
However, on maturity, the subscriber cannot withdraw the entire amount from the corpus. He has to invest 40 percent of the fund in an annuity plan of a life insurance company.
If you want a corpus of Rs 75,000 every month, then you have to keep a few things in mind. To get a pension of more than Rs 75,000, a person needs to have at least Rs 3.8 crore in his NPS corpus.
Know here how you can get this amount in NPS corpus.
- If a person is 25 years old, then he has to invest Rs 10,000 every month in NPS. When you will be 60 years old, after maturity this amount will be Rs 3,82,80,000.
- 40% of this corpus will go towards annuity. By doing this, he is likely to get a pension of Rs 76,566.
