When you invest with NBP Funds, not only do you earn better profits than other saving avenues, you can also enhance the overall returns on your savings by availing tax credits.
Investing in NBP Funds allows you to save up to 20%* of your taxes. To find out the amount in taxes you can save this year to increase your savings, use our Tax Saving Calculator We can teach you how to save tax and avail tax rebates in a few simple steps.
Your Tax Rebate can easily be availed by following a few easy steps
|Illustration of Tax Credit on Investment in Voluntary Pension Schemes (VPS)|
|Annual Taxable Income||Tax Amount (as per Tax Law)||Required Investment in VPS**||Total Tax Credit (Savings) through VPS**|
|A||B||C = A x 20%||D = B x 20%||E = (D / C) x 100|
*Pension Funds / Voluntary Pension Schemes (VPS)
Investment amount eligible for tax credit is up to 20% of taxable income. Pre-mature withdrawal from Pension Fund is subject to tax. Lump sum withdrawal in excess of 50% at or after retirement age will be subject to tax.
Please refer to the Income Tax Ordinance 2001, Section 63, and clause 23 A of Part 1 of Second Schedule to understand the Tax Law fully and the terms and conditions that apply. Tax rates are for FY 2022-23
All amount mentioned above are in Pak Rupees.
Disclaimer: All investments in mutual funds and pension funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents of the Fund to understand the investment policies and risk involved. NBP Fund Management Limited or any of its sales representative cannot guarantee preservation / protection of capital and / or expected returns / profit on investments. The use of the name and logo of National Bank of Pakistan does not mean that it is responsible for the liabilities / obligations of the Company (NBP Fund Management Limited) or any investment scheme managed by it.
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