Avoid withdrawing more from National Pension Scheme than you need

Through a circular dated October 27, the Pension Fund Regulatory and Development Authority (PFRDA), the regulator for the National Pension System (NPS), has proposed to provide the systematic lump-sum withdrawal (SLW) facility to subscribers. 
 

What is SLW?  
 

When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum. This portion is tax-free. The balance 40 per cent must be used to purchase one or more annuities.  

Until now, subscribers could withdraw the lump-sum portion in a single tranche, or they could defer withdrawal. If they