Avoid withdrawing more from National Pension Scheme than you need

Published by Business Standard

Abhishek Kumar's role: Quoted

Abhishek Kumar said the systematic lump-sum withdrawal facility suits NPS subscribers wanting larger cash flows early in retirement without managing the corpus, and could help retirees avoid mis-selling. He cautioned that they should keep a separate emergency fund.

Business Standard covers a PFRDA proposal, made through an October 2023 circular, to offer NPS subscribers a systematic lump-sum withdrawal facility. It explains what the facility is and why subscribers should avoid drawing more from their corpus than they need.

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Avoid withdrawing more from National Pension Scheme than you need

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