ICICI Pension Fund Management Limited

  If you’ve just started your career or moved into a higher tax bracket, you’ve likely felt that "ouch" moment when looking at your monthly pay slip. Between taxes and expenses, your hard-earned money seems to disappear. But what if there was a way to let your boss help you save on taxes while building a massive retirement fund? Enter the Corporate NPS, arguably an underrated tax saving tool. What is NPS for the corporate sector? Think of Corporate NPS as a collaboration between you, your employer. Unlike the retail version where you invest solo, the corporate model allows your company to contribute directly to your Tier-I account. It isn't just a "pension plan"; it’s a smart investment solution designed for young professionals to build wealth during their working years. It allows you to reduce your taxable income at the source, ensuring you save money before you even have the chance to spend it.   What is the Tax benefits for corporate employees? This...

With the new year in full swing, it’s the perfect time to start looking at your financial goals for the months ahead. While most people are still busy trying to stick to their new gym resolutions, why not make a financial one that pays off? The tax season is around the corner, and getting a headstart now is a smart way to ensure you aren't scrambling in March. If you’re a young professional looking to grow your wealth while being efficient with your salary, there is one option you shouldn't overlook: Corporate NPS. What is the difference between NPS and corporate NPS? Think of Individual (Retail) NPS as a DIY project; you open the account, you contribute, and you manage it. CorporateNPS , on the other hand, is like a "Premium Plus" version offered through your employer. It’s a tie-up between you and your company where both you and your employer can contribute in the National Pension System (NPS ). The biggest perk? It’s a "set-it-and-forget-it" system. Your ...

When you are young, your mind is occupied with the novelty of parenthood, exhilarating career opportunities, growing affiliations, and more. While you wish to explore more, achieve more and do more, retirement planning should be your top priority. Because in today’s fast-paced world full of uncertainties, realizing the significance of retirement planning at the right time is important to celebrate those golden years. A trusted program, the National Pension System (NPS) is conceptualized to offer financial security in your golden years. NPS provides impressive long-term savings options for all – from children to housewives, youth to working class - to   safeguard their post-retirement life without monetary concerns.  Why NPS is a Preferred Choice For All A voluntary and appropriate pension scheme accessible to all inhabitants of India between the ages of 18 and 70, it grants you to systematically save and grow your retirement corpus over time. Regulated by the Pension Fund...