1. Is QROPS a good idea?
Yes, for Indians who have permanently returned from the UK and hold a UK pension. It consolidates your pension into India, eliminates inheritance tax and brings your retirement savings home under Indian tax laws.
2. Who can advise on QROPS?
In India, only advisers registered with IRDAI and QROPS Direct is India’s specialist since 2009.
3. Who is eligible for QROPS?
Any Indian resident who has worked in the UK, built a UK pension (defined benefit or defined contribution) and has permanently returned to India.
4. Can I transfer my UK private pension to India? / Is it possible to transfer UK pension to India?
Yes. India has HMRC-recognised QROPS schemes, that are approved to receive UK pension transfers. The process is legal, regulated, and takes 3–6 months.
5. What happens to my UK pension if I move back to India?
Your UK pension stays invested in the UK. Through QROPS, you can legally move it to an HMRC-approved Indian pension scheme, avoiding ongoing UK tax complications.
6. What are the alternatives to QROPS?
Leaving the pension in the UK (deferred pension), taking UK drawdown or purchasing a UK annuity. However, for permanent India residents, QROPS is typically more tax-efficient and operationally practical.
