QROPS have come a long way since 6th April 2006 when they were introduced as part of the A-Day reforms and as a means for the government to comply with EU rules allowing free movement of trade and services. More than ten years on, QROPS continue to be an attractive option for high net worth individuals who wish to retire outside UK & retain maximum control & flexibility over their UK pension fund. ​ Importance Of Expert Advice on QROPS ​ Our long  interactions  with good number of QROPS  clients in India puts the fact  that both local financial advisors as well as financial markets itself  are very new to QROPS industry. Many advisors  in India are not even aware of often revising UK-HMRC regulations over QROPS. It is important to know the UK-HMRC’s regulations over QROPS before choosing a QROPS scheme to get One’s UK pensions transferred.  ​ For example, Publication of pension scheme names on HMRC’s QROPS list should not be seen as conf...

  Are you an India based UK tax resident like NRI, PIO, OCI ? Do you want a tax benefits in UK for your pension contributions made every year & at the same are you quite worried about UK regulations on your pension Corpus accumulated, like UK may not allow transferring your UK pensions to your retiring country(for example India) like it did with NHS pensions in April 2015 ? For your information, till 5th April 2015, those India based UK residents like doctors who have accumulated pension corpus with NHS were allowed to get their NHS pensions transferred to a QROPS in their retiring country. But, post 5th April 2015, UK stopped allowing NHS pensions transfer to a DC scheme overseas. This unexpected regulation from HMRC left many India based UK professionals disappointed who were aspiring to get their UK pensions transferred to QROPS in India on returning from UK. Now UK based Indian professionals can directly contribute to a QOPS scheme in India while working in UK itself & ...