Qualifying Recognized Overseas Pension Scheme (QROPS)

Qualifying Recognized Overseas Pension Scheme (QROPS)

If you have accumulated a pension pot in the UK and are looking for an option of investing it through a QROPS, HDFC Life can help you achieve your retirement goals by facilitating your fund transfer through HDFC Life QROPS solutions.

 

HDFC Life Personal Pension Plus

HDFCLife.com/Retirement-Plan
Flexibility to choose Investment horizon from 10 to 40years. Start Planning Now For The Future.

 

What is Qualifying Recognized Overseas Pension Scheme (QROPS)?

A pension scheme which is administered outside the UK and is registered with HMRC. QROPS facilitates easy and convenient pension fund transfer from the United Kingdom.

What is Her Majesty’s Revenue & Customs (HMRC)?

UK ’s tax authority responsible for making money available to fund the UK’s public services and for helping families and individuals with targeted financial support

When can you opt for QROPS?

You can opt for QROPS if you have accumulated a pension fund in the UK and wish to transfer the same to India, in a tax efficient1 retirement product registered as QROPS with HMRC

What are the advantages of QROPS solutions by HDFC Life?

  • Tax Efficient1 transfer of your pension pot accumulated in the UK to India
  • Provides steady income for you post retirement in India2
  • Allows your funds with a growth opportunity in India 3

What products of HDFC Life have been registered as Qualifying Recognized Overseas Pension Scheme (QROPS)?

1for details on tax efficiency of your pension pot transfer through QROPS please get in touch with a qualified tax consultant

2Through HDFC Life New Immediate Annuity Plan

3Through HDFC Life Pension Plans

For more details on risk factors, terms and conditions, kindly consult our Financial Consultant before taking a decision.

If you have any further queries on QROPS, please contact us at qropsteam@hdfclife.com