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What is QROPS transfer and who can apply for a QROPS transfer?

A QROPS transfer is a process of transferring the money in your current pension account in the UK to a pension fund in India, i.e. your country of citizenship, after you retire from your job abroad. Opting for QROPS transfer instead of direct withdrawal can help you save a significant amount of taxes and still ensure you have regular post-retirement income in India.

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