Investing in individual stocks takes time, effort, and higher costs. Mutual funds and ULIPS offer a better alternative. They provide professional money management without requiring large capital or expertise. These investment options come with detailed reports, making them accessible to all. If you worked in the UK and now plan to retire in India, you have options for your pension fund. You can move it to a QROPS “in specie,” which allows you to invest in ULIPS QROPS schemes in India under a tax-efficient structure. Alternatively, you can invest in fixed-income instruments offering guaranteed interest rates of up to 10.5 percent.
The Indian economy continues to grow, attracting strong foreign investments. Meanwhile, the Bank of England predicts the worst UK recession in 300 years. Now may be the best time to transfer your pension and secure better financial opportunities.
Are There Any Penalties for Moving My Pension to India
No, as long as you transfer through a QROPS-approved scheme. The process remains tax-free and penalty-free. Another major advantage is avoiding the 45 percent death tax that applies to UK pensions.
Additionally, you simplify financial management by keeping your pension in one country. This eliminates the hassle of tracking tax rules and regulations across two continents.
How Long Does a Pension Transfer Take
Many assume investing a UK pension in India will be complicated and time consuming. In reality, moving your pension to ULIPS QROPS schemes in India is straightforward with the right guidance. Our team has helped NRIs transfer over 2.5 billion INR since 2008.
The process takes only 90 days. We also ensure compliance with HMRC regulations and match you with a pension scheme based on your age, vesting period, and risk preference.
Why ULIPS QROPS Schemes in India Offer Better Returns
ULIPS allow investors to diversify their portfolios with both equity and debt instruments. These schemes are professionally managed, ensuring optimal returns while minimizing risk. They also provide tax advantages under QROPS, helping you grow your pension fund efficiently.
Here are a few reasons why ULIPS QROPS schemes in India make sense.
- Professional fund management at lower costs
- Flexibility to choose investment strategies based on risk appetite
- Potential for higher returns in a fast-growing economy
- Tax-efficient structures under QROPS
Now is the Best Time to Move Your Pension
With the UK economy slowing and India’s market expanding, keeping your pension overseas may not be the best choice. ULIPS QROPS schemes in India provide stability, tax benefits, and better returns.
If you plan to retire in India, now is the time to take control of your pension. A structured transfer ensures that your savings work for you, offering financial security and long-term growth.
Feel free to contact us for more details.