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The Pension Fund Regulatory and Development Authority (PFRDA) has issued a new set of guidelines that define the fee structure for the National Pension Scheme (NPS) PoPs.
Your employer can contribute to your National Pension Scheme fund over and above the employees’ provident fund (EPF) contributions. Employees or employers need not to choose one over the other.
This average annual return of 16.94 percent in equities on December 8 is more than double the 7 percent return of corporate bonds.
Employers’ contribution to corporate NPS of up to 10 percent of your basic salary can fetch you tax benefits under both the old and new tax regimes.
The 75 per cent maximum on asset class E, however, is reduced by 2.5 per cent annually and transferred to government securities once a subscriber becomes 51.