Client Profile:
• Name: Mr. Ramesh K. (Name changed for privacy)
• Age: 50
• Formerly worked in the UK NHS and transferred his UK NHS pension to Jersey in 2015
• Wanted to move his funds to India for better investment opportunities and retirement benefits under QROPS
Challenges Faced
• Mr. Ramesh was unsure about the legal and tax implications of moving his pension from Jersey to India.
• He wanted a cost-effective transfer with minimal currency conversion losses.
• He needed expert guidance on where to invest his pension once it arrived in India.
How We Helped
• We coordinated with the pension trustee in Gibraltar to initiate the transfer.
• Ensured compliance with HMRC regulations and Indian pension laws.
• Assisted in efficient foreign exchange conversion, maximizing the amount received in India.
• Recommended a diversified fund in Indian equities.
Results
• Mr. Ramesh successfully transferred his pension within 10 weeks.
• He now enjoys higher returns in the Indian market.
• His retirement income is secure, with tax-efficient withdrawals.
Client Testimonial
I recently utilized QROPS Direct service to transfer my UK pension to India, and I must say, the experience was outstanding. From the very beginning, the team demonstrated deep expertise in cross-border pension transfers, ensuring compliance with UK and Indian regulations.
What stood out most was their personalised approach. They patiently guided me through the complexities of the process, addressing my concerns and tailoring the service to my specific needs. Their prompt communication made the entire transfer seamless.
The team’s understanding of international tax implications was particularly reassuring, ensuring that I could optimise my pension while adhering to legal frameworks. The service was not only efficient but also stress-free, a critical factor when dealing with something as significant as retirement savings.
I highly recommend QROPS Direct’s service for anyone considering transferring their pension from the UK to India. Their professionalism, reliability, and client-centric approach truly set them apart.