QROPS India Pension Schemes

   Did you know that Indians today comprise about 1.4 million people in the UK, not including those of mixed Indian and other ancestries? This not only makes us the single largest visible ethnic minority population in the country but also the largest tax-paying minority as well. If you’ve lived and worked in the UK at some point in your life and have moved back to India, you’ve paid your taxes and are eligible to transfer your pension fund back home! With Brexit, the global pandemic, and a slow down of the UK economy in general, what we’re seeing a lot of is not only an unprecedented number of people returning to India but an unprecedented interest in QROPS as well. Why have your pension fund sitting across the ocean gathering dust in a stagnating economy when you could be earning up to 10.5% guaranteed interest in one of the fastest-growing share markets in the world right now. What is QROPS? QROPS stands for Qualifying Recognised Overseas Pension Scheme and refers to all ove...

   Did you know that currently, one-fifth of British people aged 65-69 are still in employment with the government planning to increase the age limit for the state pension to 67 soon? What this means for millennials hoping to retire by their 60s is they’re either going to have to work twice as hard or inherit a fortune. While many accredit this to Brexit and a general slowdown of the UK economy, the pandemic has definitely played its part as well. If you’re among the lucky few who have already have a pension fund in the UK and have now moved back to India, why leave your money in an economy that’s slowly grinding to a halt when you could be earning up 10.5% guaranteed interest on a fixed-interest scheme in India? That’s right, if you’ve worked in the UK and been pouring money into your pension fund over the years, you can transfer it to India through an HMRC approved scheme and benefit from one of the world’s fastest-growing share markets. What is HMRC and why does it have to ...

Daniel P. Schutte, founder and financial advisor at Schutte Financial, Denver, Colorado, was quoted stating “While portfolios exclusively or primarily composed of bonds may seem safer than stocks with potentially lower downside risk short term, historically they have provided significantly lower overall returns long term.” He then goes on to state “This can be cause for great concern in regard to keeping up with inflation or meeting desired asset projections for satisfactory income later.” By “later” here he’s talking about post-retirement and how we need to be aggressive with our investments to make up for the current rate of inflation if we are to retire comfortably. If you’ve worked in the UK your whole life and are retiring back home in India, why let your pension fund gather dust in a stagnating economy when you can invest in one of the world’s top ten most valued stock exchanges? Additionally, transferring your UK pension to India through our HMRC approved schemes helps you dodge...

  Did you know that BSE figures among the top ten most valuable exchanges in the world? In fact, as of December 2018, the Indian stock market was ranked 7th in the world, falling only slightly in rank after the pandemic and global economic slowdown. If you’ve lived in the UK at some point in time and have since moved back to India, your pension is probably still sitting in the UK when it could be actively benefiting from one of the world’s fastest growing share markets. Additionally, when you transfer your UK pension to India through our HMRC compliant schemes, not only do you avoid being charged a penalty, but you also avoid a 45% death tax. What this means is that in the case of your unfortunate demise, your next of kin will get the full amount, as opposed to only 55% if you leave your pension in the UK. You are also foregoing numerous opportunities to invest in a growing economy as opposed to the stagnation occurring in the UK and EU. How do I invest my UK pension fund in the In...

  Michael Faraday, the father of electricity, once said: “That which is convenient is that which is useful, and that which is useful is that which is valuable.” Though the words were spoken over 200 years ago in the year 1818, they ring especially true today where we live in a world where time and convenience are the number one priority. If you’ve worked in the UK at some point in time and have a pension fund that’s still sitting there, it’s not convenient. Now while we wouldn’t go so far as to call it not useful, or not valuable, what we can tell you is that it’s definitely not living up to its potential. Transferring your pension fund to India not only gives you access to one of the world’s largest and fastest-growing stock markets but also to schemes with guaranteed interest rates of up to 10.5%. Other advantages include the fact that you avoid the 45% “death” tax, as well as currency rate fluctuations, making it easier to keep track of tax and regulation changes as well. I alre...

  If you’ve worked in the UK at some point in time and have now moved back to your own country, your pension will continue to be held by your pension provider in the UK, until you claim it at the age of 55.  They say “a bird in the hand is worth two in the bush,” and that rings especially true when you’re ready to retire.  Apart from the inconvenience associated with having your pension reach maturity in another country, here are some of the advantages associated with transferring your pension fund to India. Opportunity to invest in schemes with guaranteed interest rates up to 10.5% Easy access to your pension in INR, nullifying any loss due to exchange rate fluctuations during the retirement phase. Higher growth opportunities with one of the world’s largest and fastest-growing stock markets and higher interest paid on bond markets. No inheritance tax in India, so your nominee gets the entire amount in case of an eventuality, as opposed to only 45% for the UK. Transfer of...

Time and convenience are rated the number one priority for pensioners, and this rings  especially true for people living in retirement. If you’ve lived or worked in the UK at some point in  time and have now moved back to your own country, the last thing you want is the inconvenience of having your pension still sitting in the UK. In addition to the more obvious currency exchange charges and complications, you’re also  foregoing a higher growth rate with opportunities to invest in schemes guaranteed to deliver up to 10.5% interest back home in India. Is it possible to transfer my pension fund from the UK to India? Yes, it is possible to transfer your UK pension fund to approved pension schemes in India.  However, while a lot of pension schemes claim to be approved, what’s surprising is that there  are only a select few that actually meet the requirements of Her Majesty’s Revenue and Customs (HMRC), causing a number of applications to be rejected o...

  Michael Faraday, the father of electricity, once said: “That which is convenient is that which is useful, and that which is useful is that which is valuable.” Though the words were spoken over 200 years ago in the year 1818, they ring especially true today where we live in a world where time and convenience are the number one priority. If you’ve worked in the UK at some point in time and have a pension fund that’s still sitting there in UK, it’s not convenient. Now while we wouldn’t go so far as to call it not useful, or not valuable, what we can tell you is that it’s definitely not living up to its potential. Transferring your pension fund to India not only gives you access to one of the world’s largest and fastest-growing stock markets but also to schemes with guaranteed interest rates of up to 10.5%. Other advantages include the fact that you avoid the 45% “death” tax, as well as currency rate fluctuations, making it easier to keep track of tax and regulation changes as well. ...