List of Qualifying Recognised Overseas Pension Schemes (QROPS India) January 2025

Check the recognized overseas pension schemes notification list:

https://www.gov.uk/guidance/check-the-recognised-overseas-pension-schemes-notification-list#countries-g-to-i

Indians who have lived in the UK and are moving back to India should transfer their pensions through QROPS-approved schemes for better tax efficiency and financial security. QROPS transfers help avoid UK income tax on withdrawals and inheritance tax, ensuring more of their pension stays with them or their beneficiaries.

Additionally, keeping a pension in the UK exposes retirees to currency fluctuations. Transferring to India allows them to receive payouts in INR, offering stability. QROPS also provides greater investment flexibility, enabling access to higher returns in India’s growing economy. It’s a smart move for long-term financial stability and growth.

Click here to view the previous list.