Will new NPS systematic lump sum withdrawal (SLW) option help you during retirement? Here’s how to decide
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said the NPS systematic lump-sum withdrawal option suits those wanting higher cash flow in the first 15 years of retirement without managing the corpus, and can help retirees avoid mis-selling.
More of Abhishek's views on retirement
This November 2023 explainer covers PFRDA's new systematic lump-sum withdrawal option for NPS, which lets subscribers take the 60% lump-sum portion in monthly, quarterly, half-yearly or annual instalments up to age 75 while the balance stays invested. It discusses the unclear tax position on returns in that phase, the bar on partial withdrawals once opted in, deferring the annuity and who may benefit. It includes comments from Abhishek Kumar.
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Will new NPS systematic lump sum withdrawal (SLW) option help you during retirement? Here’s how to decide