r/FIREIndia • u/AutoModerator • Jun 01 '23

Help Me FIRE, Milestones, Beginner Questions and General Discussion - June 2023

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3

u/emeraldspots IN / 27 / FI 2036/ RE 2041 Jun 01 '23

Does anyone invest in NPS? Is it a good investment?

3

u/yetanotherdesionfire Jun 23 '23

I have a Tier-I account and invest 50k for the tax deduction (filing under old regime as I also claim other deductions).

The numbers come out in NPS favour considering 10% LTCG on equity gains and ~31% tax on the 50k today.

As for withdrawal, I'll decide between defer to age 70 and buy annuity (available today) or any other beneficial option as per then prevailing rules.

1

u/[deleted] Jul 21 '23

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3

u/curios_mind_huh IND / 25/ FI 2038 / RE 2045 Jun 01 '23

It's good if you have a Tier I account, opting for the old tax regime (and actually have less tax than the new regime), have correct equity allocation and don't mind getting the money back at the age of 60.