QROPS India Pension Schemes

  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. ...

QROPS  Since April 2006 as a direct result of EU human rights requirements of the freedom of capital movement, individuals have been able to transfer their pension savings in a UK registered pension scheme to a Qualifying Recognised Overseas Pension Scheme (QROPS). If you are an Indian or a Person of Indian Origin having accumulated Pension Funds in UK, you can now transfer your pension savings to a Qualifying Recognised Overseas Pension Scheme (QROPS) in India. To be a QROPS, a pension scheme must be based outside the UK and meet certain requirements stipulated by the HMRC, UK. Transfers to QROPS can be Tax Free if the individuals transferring their UK Pension Benefits, reside in the same country where the QROPS is established. Reasons to consider before moving your pension funds from UK to India  1 No Inheritance Tax (as per prevailing tax laws in India) - Leave behind the purchase price amount for your beneficiary without any tax liability. 2 After age of 55 w...

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What are the advantages of doing a ROPS ( Recognised Overseas Pension Schemes ) or QROPS (Qualifying Recognized Overseas Pension Scheme).  No UK Tax liability.   Early Retirement of 55 years.  Full Pension for Spouse and Capital Refund for Children/Nominee.  No Inheritance tax/death tax of 55%. Your pension is out of the UK and at no risk of being consumed by current pension crisis or by Market fluctuations. Get an independent and unbiased advice on QROPS with no obligation For more details please feel free to contact us - 0091 99621 70707 Registered Office NO 1, Fourth Main Road, Kasthuri bai Nagar, Adyar Chennai - 600020 Email - yuvarajnoble@gmail.com 0091 99621 70707 Our Branches No 72/2 Rukmani Street Extension, Kalakshetra Colony, Besant Nagar, Chennai 600090 Bengaluru Office No 235 Second Floor, 9th Main, 3rd Block Jayanagar Bengaluru - 560011

UK Private Pension Fund Transfer to INDIA - ROPS ( Recognised Overseas Pension Schemes ) or QROPS (Qualifying Recognized Overseas Pension Scheme). ROPS ( Recognised Overseas Pension Schemes ) or QROPS (Qualifying Recognized Overseas Pension Scheme) is a UK Private Pension Transfer to India's pension Providers or Offshore Trust, The transfer is under the strict regulations of  ( HMRC ) Her Majesty Revenue And Customs UK. Anyone who has worked in the UK and now have moved to India or any other country can transfer their UK Private Pension funds to ROPS ( Registered Overseas Pension Schemes ) or  QROPS (Qualifying Recognized Overseas Pension Scheme).    Indian QROPS :- Exide Life Golden Years Retirement Plan HDFC Life Guaranteed Pension Plan HDFC Life Pension Super Plus HDFC Life Personal Pension Plus HDFC Life Single Premium Pension Super Max Life Forever Young Pension Plan THE PROCESS IS VERY TRANSPARENT IN NATURE, WE WILL UPDATE YOU ON EACH ...

Dear Readers, I'm glad that every day,  there are more than 50 visitors to the blog, But iam getting less number of enquiries by phone calls.  You can reach me on 0091 99621 70707 / 0091 98848 00699. Feel free to call me,  I will provide you more details about benefits of transferring to india and why. Regards J N Yuvaraj

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I pay into an NHS Pension Scheme Additional Voluntary Contribution (AVC) plan. What are my options with regard to this if I leave the scheme? Your NHSPS AVC plan is not tied to your main scheme benefits. So, for example you can retain your main NHS benefits in the NHS Pension Scheme whilst transferring your NHSPS AVC.  This can be transferred to an existing Free Standing AVC or personal pension/stakeholder pension provided it has the relevant approval under the Finance Act 2004. If you have been paying into the NHSPS for less than two years you will be obliged to take a refund of a lump sum equal to the realisable value of the investments you have made into the NHS AVC (less tax).