Don’t lock your savings—move to NPS before 60 and keep more money
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that a one-time transfer of superannuation savings to NPS is tax-neutral under Section 10(13), and that switching before retirement lets an employee withdraw up to 60% at once instead of only one-third.
More of Abhishek's views on retirement
Mint explains how employees with a superannuation fund can make a one-time, tax-neutral transfer of the corpus to an NPS Tier-I account. This allows a larger tax-free lump sum at retirement than superannuation rules do, and can help job changers avoid a forced, taxable withdrawal. It also outlines the transfer process.
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Don’t lock your savings—move to NPS before 60 and keep more money