Be it a government job or a private one, there will be no shortage of money on retirement. This NPS plan created a stir. – ..

News India Live, Digital Desk: We all are working hard today so that our ‘tomorrow’ is safe. But often a question arises in our mind that “When our hands and legs stop moving and the salary stops coming, then how will the expenses be met?” Many people postpone it for tomorrow, but the reality is that the earlier the preparations for retirement are started, the more pleasant the result is.

This is a great way to get rid of worries about the future. National Pension System (NPS)Today we will not talk about any big investment, but a very small amount i,e, ₹5000 per month You will understand the complete details of how you can make your retirement wonderful by saving Rs.

What is the magical mathematics of NPS?
If you are currently around 25-30 years of age and you start saving ₹5000 per month today, the power of compounding can change your future.

Suppose you invest continuously for 30 years. NPS can give an average annual return of 10% to 12% (as its money is invested in the market). At the rate of ₹5000 per month, when you reach retirement age (60 years), your total corpus will be approximately ₹92 lakh to ₹1 crore Can reach.

When and how will the money be received?
The best thing about NPS is that it gives you lump sum money and also guarantees pension.

1. 60% share: You will get 60 percent of your total accumulated fund (approximately ₹ 55-60 lakh) in lump sum at the time of retirement, which is completely tax-free. With this money you can fulfill your dreams of old age.
2. 40% share: The remaining 40 percent money goes in ‘Annuity’. This is the part that will keep you going throughout your life. monthly fixed pension Will continue to meet.

Big relief in tax also
Many people depend only on 80C to save tax. But NPS is available to you under section 80CCD (1B). Separate discount of ₹50,000 Gives. This means that along with your savings, you also save a good amount of money in income tax.

how to get started?
Nowadays there is no need to go to any bank. You can choose the plan of your choice (Equity or Debt) through ‘e-NPS’ sitting at home. If you do not want to take much risk, you can opt for government and corporate bonds. And if you want slightly higher returns, you can increase the equity portion.

The reality is that in today’s times, the future without pension is very uncertain. Rs 5000 per month might be spent on entertainment or eating out, but if the same money goes into NPS, it can become your strongest stick in old age.

Don’t think, start. Only small steps lead to big destinations.