Here is a great opportunity for Indians to transfer their UK Pension to QROPS (Qualifying Recognized Overseas Pension Plan).
As per HMRC list of QROPS, HDFC Life has registered five Pension Schemes in October 2013.
HDFC Life Guaranteed Pension Plan
HDFC Life New Immediate Annuity Plan
HDFC Life Pension Super Plus
HDFC Life Personal Pension Plus
HDFC Life Single Premium Pension Super
Out of the above 5 plans, two plans are suitable, depending upon your retirement needs. If you are looking for an immediate pension, then HDFC Life New Immediate Annuity Plan will be suitable. Guaranteed pension for life and capital refund for the nominee. Pension will be given at a rate of 7.5% to 8.23%, depending upon the option you choose.
If you want to transfer your UK Pension Fund to India however want to deffer your pensions until your retirement age (for ex. 60), then HDFC Life Single Premium Pension Super will be ideal for you. Your money gets invested in this plan and grows as per the fund performance. At the time of retirement, you can withdraw upto 33% lumsum as tax free and remaining amount will be used to get pensions through annuity plan.
As per HMRC list of QROPS, HDFC Life has registered five Pension Schemes in October 2013.
HDFC Life Guaranteed Pension Plan
HDFC Life New Immediate Annuity Plan
HDFC Life Pension Super Plus
HDFC Life Personal Pension Plus
HDFC Life Single Premium Pension Super
Out of the above 5 plans, two plans are suitable, depending upon your retirement needs. If you are looking for an immediate pension, then HDFC Life New Immediate Annuity Plan will be suitable. Guaranteed pension for life and capital refund for the nominee. Pension will be given at a rate of 7.5% to 8.23%, depending upon the option you choose.
If you want to transfer your UK Pension Fund to India however want to deffer your pensions until your retirement age (for ex. 60), then HDFC Life Single Premium Pension Super will be ideal for you. Your money gets invested in this plan and grows as per the fund performance. At the time of retirement, you can withdraw upto 33% lumsum as tax free and remaining amount will be used to get pensions through annuity plan.
Please refer to the Example for HDFC Life - QROPS, under this blog.
For more details on QROPS, Please visit our Blog : http://qrops-adviser-india.blogspot.in/
Get an independent and unbiased advice on QROPS with no obligation
For more details please feel free to contact us.
Contact Us : contact@qrops-adviser.in
Saurav Dutta
(consultant) :Ph +91-9891910578.
Email :
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Hi Mr Dutta,
ReplyDeleteWhat is your charges to provide service?
Thanks
Apurv
Hi Mr Dutta,
ReplyDeleteWhat is your charges to provide service?
Thanks
Apurv
Thank you for sharing such great information. It is informative, can you help me in finding out more detail on Retirement Plans India , i am interested and would like to know more about this field and wanted to understand the basics of Best Retirement Plans
ReplyDeletePlease let me know if you want to buy any retirement plan for your self. It will be great if you can send me a detailed email at saurav.dutta@qrops-adviser.in or contact@qrops-adviser.in
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