QROPS India Pension Schemes

  Check the recognised overseas pension schemes notification list Find schemes that have told HMRC they meet the conditions to be a recognised overseas pension scheme (ROPS) QROPS ROPS Country Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan India Exide Life Golden Years Retirement Plan India Exide Life My Retirement Plan India Exide Life New Immediate Annuity India Exide Life New Immediate Annuity with Return of Purchase Price India Excide Life New Immediate Annuity India Exide Life Smart Pension Plan India HDFC Life Assured Pension Plan India HDFC Life Click 2 Retire India HDFC Life New Immediate Annuity Plan India HDFC Life Pension Guaranteed Plan India ICICI Pru Easy Retirement India ICICI Pru Easy Retirement SP India ICICI Pru Guaranteed Pension Plan India ICICI Pru Immediate Annuity India Kotak Assured Pension Plan India Kotak Lifetime Income Plan India SBI Life – Annuity Plus India Contact us for more details and suitable qrops plan in india.

  Check the recognised overseas pension schemes notification list Find schemes that have told HMRC they meet the conditions to be a recognised overseas pension scheme (ROPS) QROPS ROPS Country Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan India Exide Life Golden Years Retirement Plan India Exide Life My Retirement Plan India Exide Life New Immediate Annuity India Exide Life New Immediate Annuity with Return of Purchase Price India Excide Life New Immediate Annuity India Exide Life Smart Pension Plan India HDFC Life Assured Pension Plan India HDFC Life Click 2 Retire India HDFC Life New Immediate Annuity Plan India HDFC Life Pension Guaranteed Plan India ICICI Pru Easy Retirement India ICICI Pru Easy Retirement SP India ICICI Pru Guaranteed Pension Plan India ICICI Pru Immediate Annuity India Kotak Assured Pension Plan India Kotak Lifetime Income Plan India SBI Life - Annuity Plus India Changes for India at 1 July 2021 ROPS name Change Kotak Assured Pension

Check the recognised overseas pension schemes notification list Find schemes that have told HMRC they meet the conditions to be a recognised overseas pension scheme (ROPS) QROPS ROPS Country Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan India Exide Life Golden Years Retirement Plan India Exide Life My Retirement Plan India Exide Life New Immediate Annuity India Exide Life New Immediate Annuity with Return of Purchase Price India Excide Life New Immediate Annuity India Exide Life Smart Pension Plan India HDFC Life Assured Pension Plan India HDFC Life Pension Guaranteed Plan India HDFC Life New Immediate Annuity Plan India HDFC Life Pension Guaranteed Plan India ICICI Pru Easy Retirement India ICICI Pru Easy Retirement SP India ICICI Pru Guaranteed Pension Plan India ICICI Pru Immediate Annuity India Kotak Lifetime Income Plan India SBI Life - Annuity Plus India

  Check the recognised overseas pension schemes notification list Find schemes that have told HMRC they meet the conditions to be a recognised overseas pension scheme (ROPS) Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan India Exide Life Golden Years Retirement Plan India Exide Life My Retirement Plan India Exide Life New Immediate Annuity India Exide Life New Immediate Annuity with Return of Purchase Price India Excide Life New Immediate Annuity India Exide Life Smart Pension Plan India HDFC Life Assured Pension Plan India HDFC Life Pension Guarateed Plan India HDFC Life New Immediate Annuity Plan India HDFC Life Pension Guaranteed Plan India ICICI Pru Easy Retirement India ICICI Pru Easy Retirement SP India ICICI Pru Immediate Annuity India Kotak Lifetime Income Plan India SBI Life - Annuity Plus India

 

  Did you know that India became the world's fifth largest economy in 2019 in terms of nominal GDP, moving ahead of both France and the UK? While the pandemic and global economic slowdown has pushed it back to 6th place, the CEBR (Centre for Economics and Business Research) has forecasted India becoming the world’s third largest economy by 2030, moving past the UK by 2025, Germany by 2027, and Japan by 2030. If you’ve lived and worked in the UK and have accumulated a pension fund there, the time has never been better to transfer that pension fund to India through a QROPS. Not only do you benefit from the currency exchange rate right now, but you also open up a world of investment opportunities in both fixed-income instruments, as well as equity schemes. Additionally, the UK economy has officially suffered its worst slump since the Great Frost of 1709, meaning the time to get your money out is now. Why should I transfer my pension fund to India? Apart from the fact that the Indian e

Did you know that The Bank of England has forecast that the coronavirus crisis will push the UK economy into its deepest recession in 300 years? To put that in context, this means the coming economic slump in the UK is expected to be worse than the great depression and 2 world wars. If that wasn’t enough, the UK economy shrank by a record-breaking 9.9% in 2020 alone, which is the biggest contraction or “shrinkage” by a developed country. If you’ve worked in the UK and have accumulated a pension fund over the years, now is the time to get your money out of a broken economy, and into one that’s quite the opposite. While the pandemic has adversely affected a number of countries, India has actually seen growth and is now the 5th largest economy (in terms of nominal GDP) in the world. Additionally, India's economy has nearly increased sixfold in size in less than 20 years and is only expected to get bigger and better. How do I transfer my UK pension to India without incurring a penalty?

  Did you know that India’s economy is the third-largest in the world in terms of purchasing power parity (PPP)? While India is well known for its information technology and business process outsourcing industries, a lot of people don’t realize that we rank second in farm output and 12th in factory output in the world. Additionally, we’re the only country with a population and economy that rivals China and we’re already seeing a global shift with FDI being diverted from China to India on a global scale. If there ever was a time for you to take your pension fund that’s gathering dust in a broken economy that’s only expected to get worse, now is that time. Not only is the transfer through QROPS free of any penalties and charges, but it also comes with investment opportunities that you wouldn’t be able to dream about in the UK. Fixed rate schemes with guaranteed interest rates of up to 10.5% and opportunities to invest in the largest and oldest stock exchanges in Asia and the world. I alr

 

  Did you know that investing in individual stocks is a lot more expensive and time-consuming than investing in mutual funds and ULIPS? Additionally, not everyone can afford professional money-management, which is why mutual funds and ULIPS were created, to bring expert financial advice and stock analysis to the masses. They also offer a well-documented prospectus for each fund, as well as semi-annual or annual reports about how the fund invests. If you’re an NRI who’s worked in the UK and and are now planning to retire in India, you can move your pension funds into a QROPS ‘in specie’, which means you can invest it in ULIPS in India, under the QROPS umbrella for tax shelter. Alternatively, you could invest in fixed instruments with fixed interest rates of up to 10.5%. Considering the Indian economy is still booming with FDI pouring in and the Bank of England has predicted the worst recession in 300 years, this might just be the right time to get your pension out. Is there a penalty in

  General 1. First digital Budget in the history of India 2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles 3. 64,180 crores allocated for New Health Schemes 4. 35,000 crores allocated for Covid Vaccine 5. 7 Mega Textile Investment parks will be launched in 3 years 6. 5.54 lakh crore provided for Capital Expenditure 7. 1.18 lakh crore for Ministry of Roads 8. 1.10 lakh crore allocated to Railways 9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.  10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks. 11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital  less than 2 Cr. and Turnover Less than 20 Cr. 12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22 Direct and Indirect tax 1. Senior Citizens: Reduced Compliance

  Did you know, that as per the quarterly Fact Sheet on FDI released on November 27, 2020, FDI into India totalled US$ 30 billion during the first half of the current fiscal year (2020-2021) as compared to US$ 26 billion for the same period last year? What this means is that while most of the global economy is still dealing with the effects of the pandemic, foreign investment continues to pour into India and there are a number of reasons for this.  While India does have the second-largest population and fifth-largest economy in the world, Post-Covid, the world is turning away from China and looking to countries like Taiwan, Thailand, Vietnam, and India to take up the slack. A good example is the German shoe brand, Von Wellx, which shifted its manufacturing units from China to Agra in Uttar Pradesh, India, in October of last year. The German brand has collaborated with an Indian company, Iatric Industries Group, to shift its manufacturing units to Agra's Exports Promotion Industrial

 

  Foreign direct investment or FDI is one of the most important sources of non-debt finance and a major factor in the economic development of any country. According to the World Investment Report, 2020 of the United Nations Conference on Trade and Development (UNCTAD), India jumped from 12th spot in 2018 to 9th spot in 2019 on the list of global top 20 recipients of FDI. FDI inflows into India increased from US$ 44 billion in 2018 to US$ 51 billion in 2019 putting India among the top 10 recipients of FDI in the world.  The numbers coming in from the UK are equally incredible, however, they’re for all the wrong reasons. While overall tax income is down 28%, sales tax (VAT) is down 46%, and employment taxes are down 29%. Government debt levels have exploded to above 101% and expected to reach 120% by next year. If you’re an NRI in the UK and are planning to retire in India, bringing your pension along with you is the best decision you could make. How do I transfer my pension from the UK

For Indians living abroad and planning their retirement back home in India, a pension fund is a critical aspect of that plan. What it is, is essentially a fund which you invest a regular sum of money into during your employment years in order to draw payments from once you retire. For non-resident Indians returning home, the government offers a number of tax benefits on pension schemes, depending on your plan of course. In fact, Section 80C of the Income Tax Act, 1961, covers several retirement plans and taxpayers are eligible for tax deductions of up to Rs.1.5 lakh. QROPS schemes in India For NRIs returning from the UK in particular, India currently has about 14 Retirement Plans from four different vendors that are recognized by the HMRC as valid QROPS schemes, each of which, like every other pension plan in India, has two phases, accumulation and distribution. During the accumulation phase, you pay premiums throughout the tenure of the plan, and the maturity benefits are saved up to

  Benjamin Franklin, one of the eight founding fathers of the United States of America, was quite famously quoted stating “time is money.” While there probably isn’t anyone alive that hasn’t heard this quote, what few realize is that he’s talking about opportunity cost . What this means is that while each choice we make has a cost, delays, or even a choice to not take any action has a cost as well, usually in the form of decreased output. If you have a pension fund in the UK and you live in India, you’re paying an opportunity cost. That opportunity cost includes the valuable time and money you could save by having your pension fund easily accessible and not having to worry about exchange rates, taxes, and regulations of two different countries. Additionally, another opportunity cost you pay is access to one of the world’s fastest-growing stock markets, as well as schemes with guaranteed interest rates of up to 10.5% How do I know if I’m eligible? If you’ve worked in the UK at some poin