How to make your wife rich and self reliant ??

Your wife would get Rs 45,000 every month as pension and a lumpsum of around  Rs. 60 Lakh for as little investment as Rs. 5000 pm.

If you want your wife to become self-reliant so that in your absence there is a regular income in the house and in future, your wife does not depend on anyone for money, then you can arrange regular income for her today. For this you should invest in National Pension Scheme.

Open new pension system account in the name of wife: You can open a New Pension System (NPS) account in the name of your wife. The NPS account will give a lump sum amount to your wife on attaining the age of 60 years. Along with this, they will also have regular income in the form of pension every month. Not only this, with NPS account you can also decide how much pension your wife will get every month. With this, your wife will not depend on anyone for money after the age of 60. Let us know about this scheme in detail.

You can deposit money every month or yearly as per your convenience in the New Pension System (NPS) account. You can open an NPS account in the name of your wife with just Rs 1,000. The NPS account matures at the age of 60. Under the new rules, if you want, you can run the NPS account even till the age of the wife is 65 years.

Monthly income up to 45 thousand: For example, if your wife is 30 years old and you invest Rs 5000 every month in her NPS account. If she gets 10 per cent return on investment annually, then at the age of 60, she will have a total of Rs 1.12 crore in his account. They will get about 45 lakh rupees out of this. Apart from this, they will start getting pension around Rs 45,000 every month. The most important thing is that they will continue to get this pension for life.

How much will she get pension?

• Age- 30 years
• Total investment period – 30 years
• Monthly contribution –  Rs 5,000
• Estimated return on investment- 10 per cent
• Total pension fund – Rs 1,11,98,471 (can be withdrawn on maturity)
• Amount to buy annuity plan – 44, Rs 79,388
• Estimated annuity rate 8 per cent – Rs 67,19,083
• Monthly pension – Rs 44,793.

NPS is the Social Security Scheme of the Central Government. The money you invest in this scheme is managed by a professional fund managers like in Mutual Funds. The central government appoints these professional managers to manage the fund.. In such a situation, your investment in NPS is completely safe. However, the return on the money you invest under this scheme is not guaranteed however past analysis  shows  NPS has given an average  10-11%  since its inception.

Note : Contribution to NPS can be made either like SIP or Lumpsum . Minimum Rs. 6000 per year should be contributed (Rs. 500 pm) . There is no maximum limit to contribute , so if you contribute Rs, 10000 pm for 30 years there is likely that your wife may get pension of around Rs. 90000 pm  AND a lumpsum on exit.