NPS maturity amount

This discussion clarifies the tax implications of your National Pension System (NPS) maturity amount. Generally, 60% of your accumulated pension wealth is tax-exempt upon reaching 60 or superannuation under Section 10(12A). The remaining 40%, if invested in an annuity plan, also becomes tax-free, though the annuity payments themselves are taxable. A specific query addresses whether a corpus under £5.00 is exempt and allows for 100% withdrawal.