List of Qualifying Recognised Overseas Pension Schemes India April 2025

Summary:

NRIs returning from the UK can safely transfer their pensions to India through HMRC-approved QROPS schemes. The April 2025 list includes major Indian providers, offering tax-efficient, compliant, and secure retirement solutions that protect pension savings and inheritance.

Check the recognized overseas pension schemes notification list:

https://www.gov.uk/guidance/check-the-recognised-overseas-pension-schemes-notification-list#countries-g-to-i

Indians who have lived in the UK and are moving back to India should transfer their pensions through QROPS-approved schemes for better tax efficiency and financial security. QROPS transfers help avoid UK inheritance tax, ensuring more of their pension stays with them or their beneficiaries.

People Commonly Asked

Q1: What is the QROPS India list?

The QROPS India list is an HMRC-approved registry of overseas pension schemes that meet regulatory standards, allowing UK pensions to be transferred to India legally and safely.

Q2: Which Indian pension schemes are included in April 2025?

Eligible schemes include HDFC Life, ICICI Prudential, Axis Life, Bajaj Allianz, LIC, Kotak Life, SBI Life, and Tata AIA Life, offering guaranteed pension plans and annuities.

Q3: Why should NRIs use QROPS for pension transfers?

QROPS transfers provide tax efficiency, avoid UK inheritance tax, allow pension consolidation, and ensure regulatory compliance when moving UK pensions to India.

Q4: How does the transfer process work?

Transfers are completed through trustee-to-trustee processes. Professional guidance ensures all documentation is accurate, compliant, and executed efficiently with HMRC-approved Indian schemes.

Q5: Where can I verify the official QROPS India scheme list?

The HMRC website provides the official recognized overseas pension schemes list, including Indian providers.

Author Bio

Written by the QROPS Advisory Desk, specialists in UK-to-India pension transfers. Our team ensures NRIs follow HMRC-approved QROPS schemes for safe, tax-efficient retirement planning.

About the Organization

QROPS Direct provides expert advisory services for NRIs transferring UK pensions to India. With in-depth knowledge of HMRC compliance and Indian pension regulations, we help secure retirement funds while maximizing tax efficiency and inheritance planning benefits.