1 / 9

National Pension Scheme for the Corporate Sector

The NPS Corporate Model is a win-win for both employers and employees, offering a structured, tax-efficient, and flexible retirement savings solution. By adopting NPS, companies can promote a savings culture, ensure financial security for employees, and benefit from tax incentives.<br><br>For More Info, <br>Visit - https://www.utipension.com/

Arjun58
Télécharger la présentation

National Pension Scheme for the Corporate Sector

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. National Pension Scheme for the Corporate Sector

  2. Introduction of NPS The National Pension System (NPS) is a government-backed retirement savings scheme that provides financial security in old age. While it was initially designed for government employees, it has now been extended to the corporate sector, offering companies and employees a structured way to build a retirement corpus.

  3. What is NPS for the Corporate Sector? NPS for the corporate sector is a voluntary scheme where employers can offer NPS as part of their employee benefits package. It allows employees to systematically save for their retirement while also providing tax benefits to both employers and employees.

  4. Benefits of NPS for the Corporate Sector

  5. FOR EMPLOYERS Enhanced Employee Benefits: Helps in attracting and retaining talent by providing retirement benefits. Tax Benefits: Employers get a tax deduction on contributions made towards employees' NPS accounts under Section 36(1)(iv)(a) of the Income Tax Act. Corporate Social Responsibility (CSR) Compliance: Encourages a retirement savings culture among employees.

  6. FOR EMPLOYEES Retirement Savings: Ensures financial security post-retirement through a regulated pension scheme. Tax Benefits: Contributions up to 10% of salary (Basic + DA) by the employer are tax-exempt under Section 80CCD(2). Flexible Investments: Employees can choose between equity, corporate bonds, and government securities based on their risk appetite. Portability: Employees can continue their NPS account even if they switch jobs or move to a different sector.

  7. How Does NPS Work for Corporates? Registration: Employers register under NPS with a Point of Presence (PoP) or aggregator. Employee Enrollment: Employees opt-in and select their investment preferences. Contributions: Both employer and employee can contribute regularly. Fund Growth: Investments are managed by Pension Fund Managers (PFMs) for long-term growth. Withdrawal: On retirement, employees can withdraw 60% tax-free, while 40% is used for an annuity (pension).

  8. The NPS Corporate Model is a win-win for both employers and employees, offering a structured, tax-efficient, and flexible retirement savings solution. By adopting NPS, companies can promote a savings culture, ensure financial security for employees, and benefit from tax incentives. The best time to begin planning for retirement is now. Taking this step early could make your retirement years golden. Start Your NPS Journey Today!

  9. Do you have any question? Contact - contact@utipf.co.in Visit - https://www.utipension.com/

More Related