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You can shift back to EPF after porting to NPS

On rejoining, the subscriber will not be eligible for benefits accumulated in his previous tenure

Photo: Shutterstock
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<b> Photo: Shutterstock <b>

Homi MistryMousami NagarsenkarChirag Bansal
Budget 2016 had provided one-time portability option for the salaried to move from the Employees’ Provident Fund (EPF) to the National Pension Scheme (NPS). This movement is tax free. Under the provision, if a person has been contributing to EPF, then he has the option of transferring his corpus to NPS.

The better option

Deciding whether to stay put in EPF or transfer to NPS is not an easy choice. NPS gives you more choices. You can choose the investment option (auto or active), asset allocation, and fund manager. With EPF you don’t have any say in where and how your money