‘Tax parity needed in retirement products'

Pension Fund Regulatory and Development Authority (PFRDA) chairman Hemant Contractor believes that tax parity in retirement products is critical if India is to be a pensioned society. He says if the New Pension System (NPS) gets the same tax treatment as the EPF, a lot of EPF subscribers would want to shift to the pension scheme. In an interview to ET's Babar Zaidi, Contractor also says that NPS investors should have the choice to look beyond annuities and invest their maturity corpus...

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