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.
I already tried to transfer my pension, why was my application rejected?
The problem in India is that 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). This causes a number of applications to be rejected on a regular basis. Please contact us in such a case and we will help rectify the issue.
How long does it normally take to transfer a pension fund from the UK to India?
While most websites claim it can normally take anywhere from three to six months, the truth is that we can get it done for you in a matter of 30 days! In fact, Mr. J. Noble Yuvaraj has been helping people transfer their pensions to India, quickly and efficiently since 2008, and to the tune of over 2.5 billion INR.