The National Pension Scheme (NPS) is a government-sponsored retirement savings scheme aimed at providing financial security during your post-retirement years. It is a voluntary contribution-based pension system that allows individuals to invest systematically towards their retirement corpus.

Types:

• Tier-I Account: This is the primary NPS account designed to provide retirement benefits. Withdrawals are restricted until retirement, and contributions are eligible for tax benefits.
• Tier-II Account: The Tier-II account is a voluntary savings account that offers flexibility in withdrawals and contributions. Unlike the Tier-I account, funds can be withdrawn at any time.

Features:

• Tax Benefits: Enjoy tax benefits on contributions made towards the NPS under Section 80CCD(1) of the Income Tax Act.
• Flexible Contributions: Choose your contribution amount and frequency based on your financial goals and risk appetite.
• Investment Options: NPS offers a choice of investment options, including equity, corporate bonds, government securities, and alternative assets, allowing you to customize your investment portfolio.
• Low Cost: Benefit from low fund management charges, making NPS a cost-effective retirement savings solution.
• Portability: NPS accounts are portable across locations and employers, providing flexibility and convenience to subscribers.
• Regulated by PFRDA: The Pension Fund Regulatory and Development Authority (PFRDA) regulates and monitors NPS, ensuring transparency and investor protection.

At Moneystream Financial, we understand the importance of planning for a secure retirement. With our NPS offerings, you can build a robust retirement corpus while enjoying tax benefits and flexibility in investment options. Start investing in your future today with NPS and embark on a journey towards financial independence and stability.