Pension Plans: If you are planning for retirement and are looking for monthly income, in which you keep getting money every month, then here is information about some pension plans, by investing in which you can get income every month. . Along with this, you can also take advantage of some other things including tax.
Senior Citizen Saving Scheme
People who are 60 years of age or older can take advantage of this scheme. People between 55 and 60 can also take advantage of this scheme. Up to Rs 30 lakh can be invested in this scheme. In this, tax benefit is given under section 80C of income tax. It is operated under the Small Savings Scheme.
National Pension Scheme
You can make regular investments in this scheme. After retirement, the employee can withdraw some money from this scheme and invest the rest of the money in buying corpus, after which you will be given a monthly pension. This is a market linked plan and has got an average annual return of 8 to 10 per cent. After maturity of five years, you can also withdraw money from it.
Pradhan Mantri Vaya Vandana Yojana
Under this scheme, along with pension, the benefit of insurance is also available. Under Senior Citizen LIC, they can invest in this scheme. Up to Rs 15 lakh can be invested in this. Although the last time to invest in this scheme is 31 March 2023. In this, an annual interest of 7.4 percent is given for 10 years.
Atal Pension Yojana
This is not a scheme for taxpayers. The remaining 25 to 40 people can invest. In this, contribution is also made by the government on your deposit amount for five years. After 60 years, you can take advantage of this scheme. Under this scheme, monthly pension of 1 thousand, 2 thousand, 3 thousand and 5000 rupees can be taken.
