Which is better, NPS or UPS?
Ans: The recent announcement regarding the Unified Pension System (UPS) aims to simplify and unify various pension schemes, including the National Pension System (NPS). However, it's important to consider that NPS is a well-established, market-linked retirement savings scheme offering tax benefits, flexibility in investment choices, and partial withdrawal options.
Since UPS is new and its details are still emerging, it's advisable to continue with NPS for its proven track record and flexibility. Once more information about UPS is available, you can reassess your options.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in