The National Pension System (NPS) should be considered for retirement savings and not merely for tax-saving, says Max Life Pension Fund CEO Ranbheer Singh Dhariwal.

With the change in your income and expenses during the retirement period, it can be a good time to review which tax regime you should go with, the new or the old tax regime.

Before the financial yearends, one must accomplish several crucial financial obligations which can’t be done once missed. Also, check your preparedness to accomplish your goals in the next financial year.

Seniors require planning and patience when they spend their lives after retirement. Similarly, when investing in a tax-saving instrument, a last-minute rush can result in a financial catastrophe for the seniors.

Every penny counts when it comes to saving money during your retirement. So, tax savings can be crucial for seniors when it comes to saving money and living a financially healthy life.