Transfer your UK Pension to QROPS.

Anyone who has worked in the UK and now have moved to India or any other country can transfer their UK Pension funds to QROPS (Qualifying Recognized Overseas Pension Scheme).

You can transfer Civil Services Pension / NHS Pensions / Private Pension Schemes to QROPS.

What are the advantages of doing a QROPS.
Ø No UK Tax liability.
Ø Early retirement i.e. before 60 years.
Ø Full Pension for Spouse and Capital Refund for Children/Nominee.
Ø No inheritance tax/death tax of 55%.
Ø Transparency on your investment and charges.

QROPS options for Indians who have worked in the UK and for British Expats :-

Overseas QROPS :-
QROPS Jurisdictions : Gibraltar, Malta, Isle of Man.
Trustee Options : STM, Sovereign, Castle, Momentum.
Investment Options : Skandia International, Royal London 360, Cornhill Management.

Indian QROPS :-
SBI Life – Annuity Plus.
HDFC Life – Pension Plans.
ING Vysya – Golden Years Retirement Plan.