Henry Ford once said, “Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself.” While we’re all going to be old one day, there is a world of difference between investing your money and just saving it. Money that you save will no doubt still be there when you need it on a rainy day, money that you invest, however, can give you the freedom to enjoy the rain. Retirement is somewhat of a double-edged sword in the sense that you don’t have to work anymore, but you still need to eat, sleep, and pay the bills. That being said, a lot of expenses tend to pop up during our later years, especially the ones that are medical-related or related to people who depend on us. While retirement is supposed to be our “golden period” where we sit back and enjoy the fruits of our labor, it often isn’t the case. If we invest wisely, however, that’s exactly what it can be.
If you’ve worked in the UK at some point in your life and accumulated a pension there, the last thing you want is to leave it in an economy that’s been stagnating since the pandemic. The Indian economy, on the other hand, has demonstrated resilience in the face of a number of economic adversities and is continuing to grow faster than any other economy in the world. This is because, India, as a domestic-oriented economy, is insulated against global economic headwinds. Additionally, as more and more countries look to diversify their manufacturing facilities away from China, India has emerged as the best option with tax incentives, cheap skilled labor, and a growing middle class that is well-educated. Unlike China which has a strained relationship with most countries in the world, India enjoys relative geopolitical stability with strong ties with the US, as well as Russia, Europe, ASEAN, and the Middle East.
Compared to the UK economy which has been struggling since even before the pandemic, India has been registering steady growth for the past 20 years. The BSE stock exchange alone has over 5,500 listed companies, making it the largest stock exchange in the world. There are 22 stock exchanges in India where fortunes are made by the minute. According to a recent post in Forbes magazine, investments in the Indian healthcare and infrastructure markets are ideal for those with a low-risk appetite while those looking for high-risk/high-reward ventures should look towards the Indian manufacturing sector.
Can I really invest my UK pension fund in Indian equities?
Mr. Noble Yuvaraj and his team of qrops advisors at QROPS DIRECT have been helping people transfer their pensions from the UK to India since 2008, to the tune of over 2.5 billion INR. We have market-linked plans for people with a higher risk profile as well as non-market linked plans for the more cautious. You are also free to invest your pension in equities where returns aren’t guaranteed but there is no cap on rewards. Investors looking to invest through QROPS can invest in equity through ULIPS, which are typically in the form of equity and debt funds issued.
How do I know which schemes are HMRC-compliant?
Mr. Noble Yuvaraj and his team of qrops experts are well-versed in HMRC compliance and even provide training to a number of private insurers on the subject. Please contact us to find the best compliant plan for you based on your age, vesting age, and risk profile.