Summary:
NRIs returning from the UK can transfer their pensions safely through HMRC-approved QROPS schemes in India. The April 2025 list features major Indian pension providers, allowing tax-efficient transfers while safeguarding retirement savings and avoiding UK inheritance tax.
Check the recognized overseas pension schemes notification list:
The following schemes in the QROPS List India March 2025 have conveyed to HMRC that they meet the conditions to be a recognised overseas pension scheme (ROPS).
QROPS List India April 2025
| ROPS | Country |
|---|---|
| ABSLI Guaranteed Annuity Plus | India |
| Axis Max Life Guaranteed Lifetime Income Plan | India |
| Axis Max Life Smart Guaranteed Pension Plan | India |
| Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan | India |
| Bajaj Allianz Life Guaranteed Pension Goal | India |
| Bajaj Allianz Life Saral Pension | India |
| Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan | India |
| HDFC Life Assured Pension Plan | India |
| HDFC Life Click 2 Retire | India |
| HDFC Life Guaranteed Pension Plan | India |
| HDFC Life New Immediate Annuity Plan | India |
| HDFC Life Pension Guaranteed Plan | India |
| HDFC Life Smart Pension Plan | India |
| HDFC Life Smart Pension Plus | India |
| HDFC Life Systematic Pension Plan | India |
| ICICI Pru Easy Retirement | India |
| ICICI Pru Easy Retirement SP | India |
| ICICI Pru Gold Pension Savings | India |
| ICICI Pru Guaranteed Pension Plan | India |
| ICICI Pru Signature Pension | India |
| Kotak Assured Pension Plan | India |
| Kotak Lifetime Income Plan | India |
| LIC’s Jeevan Akshay — VII | India |
| LIC’s New Jeevan Shanti | India |
| PNB MetLife Immediate Annuity Plan | India |
| SBI Life – Smart Annuity Plus | India |
| TATA AIA Fortune Guarantee Retirement Ready | India |
| Tata AIA Life Insurance Fortune Guarantee Pension | India |
| Tata AIA Life Insurance Saral Pension | India |
| Tata AIA Life Insurance Smart Annuity Plan | India |
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 income tax on withdrawals and 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 notification of overseas pension schemes that meet regulatory standards, allowing UK pensions to be transferred to India 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 annuity and guaranteed pension plans.
Q3: Why should NRIs use QROPS for pension transfers to India?
QROPS transfers help avoid UK income tax on withdrawals, inheritance tax, and provide structured, compliant pension consolidation in India.
Q4: How do I transfer my UK pension through QROPS?
Transfers are done via trustee-to-trustee processes, ensuring documentation is complete and compliant with HMRC-approved Indian schemes. Professional guidance ensures smooth execution.
Q5: Where can I verify the official QROPS India scheme list?
The HMRC website provides the latest 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 deep expertise in HMRC compliance and Indian pension regulations, we help secure retirement funds while maximizing tax efficiency and inheritance planning benefits.
