But, PF withdrawals are tax free after some reasonable conditions are fulfilled- 5 years service, etc.
The only annuity there is the EPS- given that you contribute barely 541/- a month, it would still grow to 12 lakhs after 35 years- against which you get a maximum of 3250/- per month as pension. That's a 3% rate of return on capital. Why would the NPS be any different? Sent on my BlackBerry® from Vodafone -----Original Message----- From: Suresh Ramasubramanian <sur...@hserus.net> Sender: "silklist" <silklist-bounces+thewall=gmail....@lists.hserus.net>Date: Tue, 18 Jun 2013 15:49:28 To: silklist@lists.hserus.net<silklist@lists.hserus.net> Reply-To: silklist@lists.hserus.net Cc: silklist@lists.hserus.net<silklist@lists.hserus.net> Subject: Re: [silk] PFRDA and Security On 18-Jun-2013, at 15:42, thew...@gmail.com wrote: > I suspect they'll impose stringent rules on withdrawal. This is not a > loophole that will stay open for long. Even in the EPF and in older established pension annuities, there's already stringent rules for withdrawal, and rules for how such withdrawals are taxed.