The latest tweaks to India's National Pension System (NPS) improve an already excellent retirement saving scheme. The government could consider two additional improvements. One, remove the age limits respectively for entering the scheme and for staying invested. Two, remove ambiguity on the taxability of the funds that remain in the NPS after the mandatory lump-sum to buy an annuity is taken out. The government introduced the NPS as a proactive measure to spare itself a pension burden that it would find hard to bear once the population has aged, reducing the proportion of those who work and pay taxes.
This story is from the January 07, 2025 edition of Mint Hyderabad.
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This story is from the January 07, 2025 edition of Mint Hyderabad.
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