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.
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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 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