Summary:
The June 2025 QROPS list for India includes HMRC-approved pension schemes eligible for UK pension transfers. The update on June 2, 2025, added Kotak Confident Retirement Savings Plan to the recognized list. This ensures returning NRIs and British expats can transfer pensions to India securely, tax-efficiently, and in compliance with HMRC rules.
Check the recognized overseas pension schemes notification list:
The following schemes in the QROPS List India have been conveyed to HMRC that they meet the conditions to be a recognised overseas pension scheme (ROPS).
QROPS List India June 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 Confident Retirement Savings 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 |
Changes made for India on 2 June 2025
| ROPS | Change |
|---|---|
| Kotak Confident Retirement Savings Plan | Added |
UK Government Guide on Overseas Pension Schemes Notification List.
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 list for India updated on June 2, 2025?
The June 2025 QROPS list includes pension schemes in India recognized by HMRC. Notably, the Kotak Confident Retirement Savings Plan was added in this update.
Q2: Why is HMRC recognition important for pension transfers to India?
HMRC recognition ensures that UK pension transfers are legally valid. Transfers to non-approved schemes may attract penalties such as the 25% overseas transfer charge.
Q3: What changed in the June 2025 QROPS update?
The Kotak Confident Retirement Savings Plan was added to the recognized list of Indian schemes. This expands options for UK pension savers planning transfers.
Q4: Can transferring pensions to India through QROPS reduce taxes?
Yes. QROPS transfers help avoid UK income tax on withdrawals and inheritance tax, providing better control and security for retirement funds.
Q5: How often does HMRC update the QROPS list?
HMRC updates the global QROPS list every two weeks. Pension holders should check the most recent list before transferring funds.
Author Bio
This content was prepared by the QROPS Advisory Desk. We specialize in UK-to-India pension transfers, ensuring safe, compliant, and tax-efficient strategies for NRIs and expats.
About the Organization
QROPS Direct provides regulated financial advisory services for UK pension transfers to India. Our team works with HMRC-approved schemes to safeguard retirement funds and maximize tax benefits.
