Finance
EnglishNPS Retirement: Easy Guide to Withdrawals and Taxes!
Retirement under the National Pension System can be a bit of a puzzle! If your savings are up to Rs 8 lakh, you can take it all out. Between Rs 8 and 12 lakh, you can grab some cash and invest the rest. If you have over Rs 12 lakh, you can take a big chunk but must put some into annuities. Timing is key to avoid tax surprises!
few days ago | Amit Kumar
Quick rundown
1.NPS retirement strategy hinges on balancing withdrawals and annuities.
2.Corpus size dictates withdrawal and annuity options under NPS.
3.Tax implications can surprise retirees with unexpected liabilities.
4.SUR can mitigate sequence-of-returns risk better than SLW.
5.Optimal NPS strategy depends on income needs, risk, and tax position.
