A Guide To Understanding 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. HMRC (Her Majesty’s Revenue & Customs) is 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.

Advantages of QROPs

  • No need to withdraw Pension Funds and pay tax in UK

  • Provides steady income for you post retirement in India

  • Utilize your funds to build a better corpus


Tax Definitions:

 

Related Articles:
comments powered by Disqus

Did you know ?

Re-Insurance

Reinsurance is an insurance that is purchased by an Insurance company from one or more other insurance companies to manage the risk. Reinsurance helps in transfer of risk from one insurance company to another. It is also called “insurance for insurers” or “stop-loss insurance”.

 Read More

View All