Just like Central Government employees, Private Sector Employees can also have pension plans with similar benefits after their Retirement. Initially, only the central government employees were eligible to invest in the NPS. It is a wholly-owned subsidiary of HDFC Standard Life Insurance Company Ltd, India's Leading private Life Insurance Company. National Pension System (NPS) is operated by the Government of India. NRIs invest in the NPS scheme for the tax benefits which they can avail to lower their tax liability. And that the national pension system provides one of the best returns ranging from 6% to 10.2% pa. It was initiated by the central government in 2004 for people to invest and reap returns for retirement. It is a voluntary and a long-term retirement scheme. National Pension Scheme is an investment scheme offered by the Government which helps in retirement planning. These additional benefits have made it still attractive to investors wanting to invest solely for retirement corpus and pension purpose. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and The Cadent Gas Pension Scheme was set up to receive a transfer from the National Grid UK Pension Scheme. National Pension System is a government sponsored pension scheme.It is a contribution based scheme where the amount of pension to be received by you in the future depends on the amount of corpus accumulated at the time of scheme's maturity. will contribute Rs.1000 per year to each NPS account opened in the year 2010-11 and for the next three years. Benefits of Investing in NPS. Additional investments upto INR 1,50,000 are tax deductible under Section 80C of the income tax Act. National Pension System: NPS is a flexible and portable retirement saving scheme in India. The National Pension System (NPS) is a pension scheme sponsored by the government that was started in 2004 for all government employees. Tax benefit to employee: To get the basic State Pension you must have paid or been credited with National Insurance contributions. National Pension Scheme Benefits. The National Pension Scheme Authority (NAPSA) was established in February 2000 by the National Pension Scheme Act no. You are free to choose investment options, annuity options, Annuity Service provider, and Fund Manager. NPS investment is easily accessible, low coast and tax efficient that gives an opportunity to invest and accumulate savings for your retirement with tax benefits. Know about its NPS Login, Tax Benefits, Contribution, what is NPS (National Pension System). In this article, we look at major tax implications of NPS, that is the income tax benefit of saving money in NPS as well as the taxation of withdrawing money from NPS and the tax levied on the monthly pension paid out to you as annuity. It was primarily introduced for those Government employees those who joined employments in 2004 and onwards. The corpus can then be availed to … NPS is a voluntary contributory pension scheme introduced by the Central Government through Pension Fund Regulatory and Development Authority (PFRDA) to promote old age income security. National Pension Scheme (NPS) is a government-sponsored pension scheme which was launched in 2004 for the government employees. What is the National Pension Scheme? This is a voluntary scheme and not compulsory for anybody to join. NPS benefits: Save your money, get extra income tax exemptions from National Pension Scheme NPS Benefits: Section 80C allows up to Rs 1.5 lakh income tax exemption in a financial year. 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