Depositing money every month or year as per your convenience.
Do take the advice of a financial advisor before investing
You can open a new pension scheme Do take the advice of a financial advisor before investing (National Pension Scheme) account in the name of your wife. You have the option of depositing money every month or year as per your convenience. You can open an NPS account in your wife’s name with just Rs 1,000.
Report manpreet singh
Raipur chhattisgarh VISHESH Everyone does future planning. Everyone also looks for a plan for their retirement. But, often people do not know the right tool. 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 you in making money. You can open a New Pension System (NPS) account in the name of your wife. The NPS account will give a lump sum amount to the wife at the age of 60. Apart from this, you will get the benefit of pension every month. This will be the regular income of the wife. The biggest benefit of NPS Account is that you can decide yourself how much pension you want every month. This will not cause tension about money at the age of 60.
The scheme is run by the Central Government
NPS is the 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, the return on the money you invest under this scheme is not guaranteed. According to financial planners, NPS has given an average return of 10 to 12 percent annually since its inception.
Now understand how the pension formula will be decided?
The biggest benefit of NPS Account is that you can decide how much pension you want. When your wife’s account matures at the age of 60, you will get Rs 1,05,89,741 in lump sum. This is the same money that has been earned from interest. Invest the remaining Rs 70,59,828 in annuity plan. We have kept the annuity at a minimum of 40 percent. The annual annuity rate is 8 percent.
A fund of Rs 1.76 crore will be created by investing Rs 5000 monthly
How much lump sum amount and how much pension will you get? We have done the calculation using NPS calculator.
– Age- 30 years
– Total investment period- 30 years
– Monthly contribution- Rs 5,000
– Estimated return on investment- 12%
– 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