Dont invest if you are under 45 age. By the time you reach 60, no one knows what will happen to you, nps or market.
The way new regime is pushed, nps tax benefit will be gone soon. And your money will be stuck till you are 60
legend101 wrote:By this logic you should not invest anywhere..Dont invest if you are under 45 age. By the time you reach 60, no one knows what will happen to you, nps or market.
The way new regime is pushed, nps tax benefit will be gone soon. And your money will be stuck till you are 60
Sudarshan61 wrote:Aree bro, other places dont have that much lockin period. And if you feel the requirement, you can change your portfolio. But nps me daala to gaya 60 ki age tak, chahe aage nps ka kuch benefit rahe na rahe. Its the lack of options after investing in NPS which is the issue
By this logic you should not invest anywhere..
kal kya hoga kisko pata... earn and spend everything
NPS is good only if you are getting tax benefit . .else avoid .. in New Tax Regime .. we can't claim Tax rebate on self contribution on NPS Tier1 .. only employer is expempted
Don't invest in NPS.
dhinchakrohit wrote:Please share reason brother ?Don't invest in NPS.
Blocking money till age of 60 and then pension. Really annoying. Some can find it attractive because of tax benefit
EPF, PPF among assets that enjoy legal protection from court attachment.
Source:
The real question should be - Why do you create discussion threads after every 3-4 hrs, for popular topics?
I am 40 and I started NPS just last year. I honestly don't have a reason to tell why I did. This was more like a diversification of my monthly investment. I invest 50K per year in NPS staggered over a year. Returns till now haven't been so great ofcourse.
I also invest 3L (1.5L my name and 1.5L wife) in PPF, regular PF through employer and even Mutual fund SIPs every month.
But yes, I do sometimes contemplate whether I should contribute any more or not but the amount isn't that big compared to my yearly investments.
But yes, younger people, don't lock in your money. I made mistake of investing in HDFC childrens fund and now I cannot take that money out until my child is 18 years old or 5 years whichever comes sooner. Amount invested is like 2.5L and in hindsight, if I was able to take this money out today, I would invest in Index fund.
But yes, the children fund does give decent returns but I cannot redeem.
Started corporate nps last year. Contribution routed through employer. So it gets additional tax benefits in addition from 1.5 lacs normal 80C. Seems like a fair deal as you can withdraw 60% lumpsum exempt of tax after 60yrs of age.
But one thing to note is you are assuming that you will be alive at the age of 60 atleast for 5 years to enjoy the benefits of NPS. Now this totally depends on your lifestyle, if someone has no control on their health then there is no point of NPS.
I'd rather put money in p2p instead of blocking money in NPS
any way how we can exit nps who has already opted in?
People invest in NPS just for tax benefits
srp321 wrote:@abhishek012 any idea about it ?any way how we can exit nps who has already opted in?
mojo_jojo123 wrote:Yes agree its the old regime only benefits out of this but till old regime is there its good
that too not available in new tax regimn
srp321 wrote:any way how we can exit nps who has already opted in?
You can. They will return the invested capital to you.
Dont invest if you are under 45 age. By the time you reach 60, no one knows what will happen to you, nps or market.
The way new regime is pushed, nps tax benefit will be gone soon. And your money will be stuck till you are 60
kal kya hoga kisko pata... earn and spend everything