LIC NPS Calculator
Plan retirement corpus requirements and evaluate monthly pension options under the National Pension Scheme.
₹1,91,41,384
Estimated pension over 35 compounding years.
• PFRDA mandates that a minimum of 40% of the accumulated NPS corpus at age 60 must be utilized to buy a life annuity.
• The remaining 60% can be withdrawn as a tax-free lump sum.
NPS Growth Structure
The National Pension System (NPS) compiles contributions across Equity (E), Corporate Debt (C), and Government Securities (G). Upon reaching 60 years of age, you can withdraw up to 60% of the corpus tax-free.
- Annuity Purchase: A minimum of 40% of the corpus must be allocated to purchase an annuity to secure a monthly pension.
- Tax Savings: Additional deductions up to ₹50,000 are available under Section 80CCD(1B).
Securing Retirement Pension
By investing in regulated pension fund managers, NPS provides structured compounding growth, offering retirees stable regular income payouts.
Frequently Asked Questions (FAQ)
Can I choose to purchase more than 40% annuity in NPS?
Yes. Retiring subscribers can allocate up to 100% of their accumulated NPS corpus to purchase an annuity for securing higher monthly pension payouts.
Who manages the NPS funds under the LIC brand?
LIC Pension Fund Limited is one of the registered pension fund managers appointed by the PFRDA to manage NPS contributions.
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