List of Qualifying Recognized Overseas Pension Schemes India 15th July 2025: Updated

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).

UK Government Guide on Overseas Pension Schemes Notification List.

Indians who have lived in the UK and are moving back to India can transfer their pensions through QROPS-approved schemes for better tax efficiency and financial security.

FAQs:

Q1: What is the QROPS list for India as of July 2025?

The QROPS list updated on 15 July 2025 includes approved pension schemes in India recognized by HMRC as meeting the requirements for overseas transfers. These schemes allow UK pension holders to transfer retirement funds securely.

Q2: Why is the QROPS list important for UK pension transfers?

The QROPS list ensures only HMRC-recognized schemes can accept UK pension transfers. This protects retirees from penalties, double taxation, and ensures compliance with UK pension regulations.

Q3: Can all Indian pension schemes accept UK pension transfers?

No. Only schemes listed as QROPS by HMRC can accept UK pension transfers. Transferring to a non-approved scheme may result in tax penalties or rejection.

Q4: How often is the QROPS list updated?

HMRC updates the QROPS list every two weeks. Pension holders should always check the latest list before initiating a transfer to ensure compliance.

Q5: What are the benefits of transferring to a QROPS in India?

QROPS transfers to India provide tax efficiency, local investment flexibility, inheritance protection, and better alignment with retirement needs for UK-returned Indians and expats.