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UK pension transfer to indian qrops

“The UK economy has likely descended into the greatest recession of any major world economies according to leading economists. The economy has suffered the biggest slump on record, shrinking 20.4 percent compared to the first three months of the year. It is the first technical recession since 2009.” – The Guardian.

What do you do if you’ve accumulated a pension in a country whose economy you’d never expect to falter and have since moved back home to your own country?

You take your pension with you when you go and re-invest it in a young, booming economy. As opposed to the UK’s shrinking economy, India has attracted a total FDI inflow of $76.30 bn from April to March 2021. This is a record, the highest ever for the first ten months of a financial year and 19% higher when compared to 2019-20 ($62.72 bn). As of right now, India is the fifth-largest recipient of inflows in the world.

How do I know if I’m eligible?

The following types of pension schemes are transferable from the UK to India:
Occupational
Final salary
Defined benefit
Defined contribution
Self-invested personal pension (SIPP)
Small self-administered scheme (SSAS)

Will I be able to invest my pension plan in the stock market in India?

In terms of investment opportunities, there are two basic categories for QROPS investors in India. The first one is fixed-income instruments where interest rates go up to 10.5% and returns are guaranteed, The other option is investing in equity where returns aren’t guaranteed but the sky is literally the limit. Investors looking to invest through a QROPS can invest in equity through ULIPS, which are basically equity funds or mutual funds issued by insurance companies.

How do I know which schemes are HMRC compliant?

Mr. J Noble Yuvaraj and his team of qrops experts are well versed with HMRC compliance and even provide training to a number of private life insurers on the subject. Please contact us to find the best compliant plan for you based on your age, vesting age, and risk profile.

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