Bankers and administrative or executive assistants are classified as skilled labor which refers to the highly experienced, trained, and educated segment of the workforce. That’s what most people expect when they walk into a bank or a credit union or an insurance office. What they often get, however, are freshers looking to complete internships, gain experience, or just kill time till they move on to their next thing. While everyone is, was, or has been a fresher at some point in time, there are levels of complexities involved with administrative and executive tasks that cannot be overcome without years of experience and repetition. When you talk about transferring pensions from the UK to India, we acknowledge that there is no “one size fits all” solution, and have dedicated ourselves to creating custom tailored solutions for the unique requirements of our customers.
Unlike global conglomerates who either don’t have the time or can’t spare the resources to give each customer the individual attention their accounts require, we pride ourselves on the fact that we do just that. Not only can we transfer your QROPS pension from the UK to India within a matter of 30 days, but we can also advise you on how to maximize your pension’s potential in the lucrative Indian economy. Unlike the UK economy that remains stagnating, India’s economy is among the fastest growing economies in the world. Additionally, by transferring your pension fund to India, not only do you avoid a 55% inheritance tax in the case of your demise, but you also avoid the hassle of taxes across two countries and fluctuating currency rates.
There’s nothing like doing something again and again till you master it and we can quite confidently say that we have mastered the process of transferring pension funds from the UK to India. It is a mastery gained from experience by transferring pensions from 2008 and to the tune of 2.5 billion INR. As opposed to template style solutions offered by most institutions, we offer custom tailored solutions based on your requirements and risk profile.
I already tried to transfer my pension to India but was rejected.
The problem in India is that while a lot of pension schemes claim to be approved, what’s surprising is that there are only a select few that actually meet the requirements of Her Majesty’s Revenue and Customs (HMRC). This causes a number of applications to be rejected on a regular basis. Please contact us in such a case and we will help rectify the issue.
How much does it cost to transfer my pension from the UK to India?
Not only is the transfer of pension funds to approved pension schemes in India tax-free, but you also nullify any loss that would potentially be incurred due to currency exchange rates and similar complications.
Are there any limitations associated with investing my pension fund in India?
In terms of investment opportunities, there are two basic categories for QROPS investors in India. The first one is fixed-income instruments where interest rates go up to 10.5% and returns are guaranteed, The other option is investing in equity where returns aren’t guaranteed but the sky is literally the limit. Investors looking to invest through a QROPS can invest in equity through pension plans, which are managed by insurance companies.
For further details, get in touch with our team of financial advisors at QROPS DIRECT where we have been helping people transfer their pensions from the UK to India since 2008 and to the tune of over 2.5 billion INR.