Retirement Pension New update: 50 thousand rupees pension will be available every month after retirement, check update here

If you also think about future planning, then National Pension System is the best option for you. NPS is one such option through which you can arrange a large retirement corpus as well as a monthly pension. NPS is a long term investment and its benefits are also available after a long time. With this the investor also becomes entitled to pension. Note that the amount received on maturity is not taxed.

According to a report, it is necessary to take 40 percent NUT in NPS. According to the new rule, no investor can withdraw the entire fund on maturity. It is necessary to buy NUT from 40 per cent of the fund. After retirement from this NUT, pension is given to the investors. The investor can withdraw the remaining 60 percent of the fund at any time. The higher the NUT, the higher will be the monthly pension.

How to get Rs 50000 monthly pension?

If you want to make a monthly pension of Rs 50000 through NPS, then according to the 40 percent annuity rule, the required fund has to be calculated. If you spend only 40 percent of the total fund for annuity purchase, then you will need an NPS fund of 2.5 crores at 6 percent annuity rate. Out of this, annuity will be purchased from Rs. This annuity will provide a monthly pension of Rs.600000 or Rs.50000 per annum at the rate of 6%. You can withdraw the remaining 1.5 crore rupees in a lump sum and you will not have to pay tax on it. Note that according to your annuity, you will get your pension.