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NPS new rule: With systematic lump sum withdrawal, will returns from NPS be tax-free till age of 75?

After the latest changes, NPS investors will now have the option to withdraw 60% of their retirement corpus either as a lump sum at once or they can get paid in a phased manner through the systematic lump-sum withdrawal facility post-retirement. If you are planning to opt for a systematic lump-sum withdrawal of your NPS corpus at the time of retirement, you must know how it works and will be taxed. Read on to find out.

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Are NPS subscribers free to choose annuity schemes and ASPs of their choice? PFRDA clarifies

Are NPS subscribers free to choose annuity schemes and ASPs of their choice? PFRDA clarifies
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PFRDA bars intermediaries for annuities business, mandates direct channels for NPS subscribers

PFRDA bars intermediaries for annuities business, mandates direct channels for NPS subscribers
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70% of NPS annuity subscribers choose single life policy to pass on principal to nominee: PFRDA

According to the Handbook of NPS 2023, over 1,09,344 subscribers opted for annuity plans at the time of superannuation/exit since the launch of the National Pension System. Of them, 70 percent chose the Annuity for Life with Return of Purchase Price plan

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NPS subscribers can avail of these benefits by buying multiple annuities from same life insurer

At present, NPS subscribers can buy only one annuity scheme from the ASP at the time of exit.

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