[ad_1]
National Pension System: New Pension System (National Pension Scheme) account can be opened in the name of the wife. The option of depositing money every month or annually is available as per the convenience. NPS account can be opened in the name of the wife even with Rs 1,000.
National Pension System: Everyone does future planning. Everyone also searches for their retirement plan. But, often people are not aware of the right tools. If you are worried about your retirement, then your wife can solve this problem. If you open this special account in the name of your wife then the problem will be solved.
National Pension System or National Pension Scheme (NPS) is one such scheme, in which not only you but also your wife can help in earning money. New Pension System (NPS) account can be opened in the name of the wife. At the age of 60 years, the wife will get a lump sum amount from the NPS account. Apart from this, you will also get the benefit of pension every month.
This will be the regular income of the wife. The biggest advantage of NPS account is that you can decide yourself how much pension you want every month. Due to this, there will be no tension of money at the age of 60 years.
open nps account in wife’s name
New Pension System (National Pension Scheme) account can be opened in the name of the wife. The option of depositing money every month or annually is available as per the convenience. NPS account can be opened in the name of the wife even with Rs 1,000. NPS account matures at the age of 60 years. Under the new rules, if you want, keep running the NPS account till the age of the wife is 65 years.
But, how to earn money from NPS?
Suppose your wife is now 30 years old and you deposit Rs 5000 in NPS account every month. Your annual investment will be 60 thousand rupees. Keep investing for 30 years. Overall your investment will be Rs 18 lakh. But, money will be made now. At the time of retirement, you will have a huge corpus of Rs 1,76,49,569 ready. In this, Rs 1,05,89,741 will be available only from interest. Here we have kept the average interest at 12 per cent. Now the work of compounding is done. The investment may be 18 lakhs but due to compounding your money has crossed Rs 1.5 crore (Rs 1,76,49,569).
Now understand how the pension formula will be decided?
This is the biggest advantage of NPS account that you can decide yourself how much pension you want. When your wife’s account matures at the age of 60, you will get a lump sum of Rs 1,05,89,741. This is the same money that is made from interest. Invest the remaining 70,59,828 in annuity plans. We have kept the annuity minimum 40% only. The annual annuity rate has been kept at 8 percent.
₹ 5000 monthly investment will create a fund of ₹ 1.76 crore
How much amount will be given in lump sum and how much pension? We have calculated with the NPS calculator of HDFC Pension.
Age – 30 years
– Total investment period – 30 years
Monthly contribution – Rs 5,000
– Estimated return on investment – 12 percent
– Total Pension Fund – Rs 1,76,49,569 (on maturity)
– Annuity plan of Rs 70,59,828 (40%)
– Estimated Annuity Rate 8%
– Monthly Pension – ₹ 47,066
Central government runs the scheme
NPS is a social security scheme of the central government. The money you invest in this scheme is managed by professional fund managers. The central government gives this responsibility to these professional fund managers. In such a situation, your investment in NPS is completely safe. However, there is no guaranteed return on the money you invest under this scheme. According to financial planners, NPS has given an average annual return of 10 to 12 per cent since its inception.
Note: Here NPS is calculated on a common basis. Your total fund will be determined by your investments and the returns you get. Do take the advice of a financial advisor before investing.
[ad_2]
Source link