NPS Retirement Benefits for Subscribers What shall be my benefits, if I retire/ superannuate from NPS? Retirement/ Superannuation — Minimum Annuitisation- 40% of accumulated wealth. Maximum Lump Sum Withdrawal- 60% of accumulated wealth. The Subscriber may choose to purchase an annuity for an amount greater than 40 percent also. If the accumulated pension wealth of […]
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NPS settlement on unfortunate death of NPS Subscriber What are the provisions to settle the cases in the unfortunate death of the NPS subscriber during the service? As per Office Memorandum No. 38/41/06/P&PW (A dated 05 05.2009, the central government subscribers covered under NPS are eligible for family pension in case of death / disability
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Conference on Portability from Superannuation and Recognized Provident Funds to National Pension System Press Information Bureau Government Of India Ministry Of Finance 15-Sep-2017 Conference on Portability from Superannuation and Recognized Provident Funds to National Pension System (NPS); NPS has more than 1.71 crore subscribers with total Asset under Management (AUM) of more than Rs. 2.04
Additional benefit on death/disability of Government servant covered by New Pension System “It is once again reiterated that the aforesaid instructions may be followed scrupulously and to review all the cases for ensuring the payment of family pension, disability pension and extra-ordinary pension to the NPS subscribers in case of death/disability” GOVERNMENT OF INDIA (BHARAT
Exits and Withdrawals under the NPS (First Amendment) Regulations 2017 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEc. 4] PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 10th August, 2017 Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017 No. PFRDA/12/RGL/139/8.—In exercise of
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Advisory for deposit of NPS – Lite contributions directly by the Aggregators PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Circular No. PFRDA/2017/13/SWM/3 Date: 17.08.2017 To, All Aggregators Subject: Advisory for deposit of NPS – Lite contributions directly by the Aggregators. Aggregator is an important intermediary under the NPS architecture, which is entrusted with the most important
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PFRDA conducts workshop on NPS for Corporates in coordination with FICCI at Ahmedabad Overall number of NPS and APY subscribers have crossed 1.60 crores with overall Asset under Management (AUM) of more than 1,87,000 crores. Pension Fund Regulatory Development Authority (PFRDA) in its endeavor to promote NPS among the Corporates have embarked upon conducting NPS
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Tax on NPS withdrawal The provision that the withdrawal from National Pension Scheme is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserting clause (12A) in Section 10 of the Act. Prior to Finance Act, 2016, National Pension Scheme (NPS),
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