Take your UK pension away with you with a QROPS scheme in India
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 in India & retain maximum control & flexibility over their UK pension fund.
Any Indian/NRI/OCI/PIO’s who have pension schemes in the United Kingdom , those who are resident in India or for those planning on becoming a resident of India shortly, there are significant tax & growth advantages in transferring those UK schemes to a Qualifying Recognised Overseas Pension Scheme(QROPS) In India.
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. Only few handful of advisors in India are 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. So, to really benefit from QROPS the client needs to look for a professional QROPS advisor & start shopping around under expert guidance to get unbiased advice rather than approaching a particular advisor of a particular insurance company.
To know in detail about the benefits or amount of pensionable service, the transfer value payment of UK pension pot will buy in the receiving pension scheme in India & also to know more about the options & comparisons of different QROPS schemes of different QROPS providers available in India , we wish to schedule a free, no obligation telephone or Email consultation to discuss ways we can help yourself and any of your colleagues who has accumulated pension fund in United Kingdom. You can reach us with the following contact details.
Mr Ravi Kumar. Financial Consultant (Code: 60272381, QROPS Consultancy),
A&B Law & Financial Associates, No-2720, 12th, Main, Jayanagar 4th Block, Bangalore-560 011
Cell: +919844519872
Email: ravi.sampige@gmail.com
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