National Pension System: Why NPS should be a key investment plan for early retirement

Oct. 1, 2024 - Mint

The desire for early retirement is gaining popularity as more individuals aim to escape the traditional work timeline and achieve financial independence before the usual retirement age of 60. The National Pension System (NPS) is an excellent option for those seeking early retirement, offering a balanced combination of wealth creation, tax benefits, and a dependable income stream.

NPS Diwas on October 1 The Pension Fund Regulatory and Development Authority (PFRDA) will observe 1st October as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning among the citizens of India and enjoy financial independence post-retirement. Through this campaign, we reiterate our commitment towards creating awareness about pension planning among the public.

Tax advantages under the NPS NPS offers tax deductions under both old tax as well as the new tax regimes...