When planning for retirement, every rupee matters. Maximizing your retirement corpus isn't just about returns, it's also about minimizing tax impact. Choosing the right investment vehicle for retirement can significantly improve your post-retirement income. After publishing my last article on How to Use NPS Tier II Account for Higher Returns & Greater Flexibility , one question kept popping up: If the goal is to purchase an annuity at retirement, why not just build the corpus using mutual funds and then buy the annuity? 💡 Here's why I believe NPS is a smarter choice over mutual funds for this purpose 👇 🔁 1. No Tax on Rebalancing With NPS, I can change: My Pension Fund Manager ✅ My asset allocation ✅ My investment style ✅ …without paying any capital gains tax ! That means I can gradually shift from equity to debt as I near retirement, without losing money to taxes . 👉 Try doing this in mutual funds, and you’ll be hit with tax at every switch! 🛡️ 2. EEE Structure ...