abhishek mehrotra head investment products hdfc securities says anybody in an investable age right from 18 till 60 can invest after 60 you can take withdrawals and that depends on your wish one can take up to 60 of withdrawal upfront and remaining can be converted into annuity the benefit is you can decide your annuity partner there are currently 8 different pension funds which can provide you annuity and that freedom is open to the investor during the course of the investment and also at the end of the investment to decide whom they want to have an annuity withlet us begin with a very big confusion that a lot of our viewers and investors have about nps which is nps for government employees and nps for private sector employees please help us understand the difference in both of these products if at all there is anythe basic difference between both of these products is the amount of contribution which is eligible for a government employee it is up to 14 of their basic salary and for the private sector it is 10 of the basic which they can contribute for nps government employees also have an advantage where their employer can contribute additionally up to 14 whereas in a private sector it is up to maximum 10 where if the employer wants to participate they can but generally it is the employee who contributes up to maximum 10 of his basic salary that itself is a great advantage for an investor to participate because it is over and above your 80c section of rs 15 lakhlet us talk about tier2 accounts is it compulsory to have a tier2 account in npstier2 is not compulsory tier1 is compulsory where you get the tax benefits and everything tier2 you can treat it like an investment account where you can participate and you can exit during the course of investment the primary objective of a tier2 account is an investment whereas tier1 account is a longterm investment with tax savings it is not voluntary you have to do it by default if you are in tier1 you have to participate throughout the tenure and the timelines around ittell us the age limit till when we can invest in npsanybody in an investable age right from 18 till 60 can invest after 60 you can take withdrawals and that depends on your wish one can take up to 60 of withdrawal upfront and remaining can be converted into annuity the benefit is you can decide your annuity partner there are currently 8 different pension funds which can provide you annuity and that freedom is open to the investor during the course of the investment and also at the end of the investment to decide whom they want to have an annuity withplease explain to us the entire debate that is going on between the old pension scheme and the new pension scheme which few states have adoptedwell that is totally dependent on