Qualifying Recognised Overseas Pension Scheme.(QROPS): Moving Dutch Pension to a Recognised Pension Schem...

Qualifying Recognised Overseas Pension Scheme.(QROPS): Moving Dutch Pension to a Recognised Pension Schem...: India based Dutch expats who are relocating and retiring in India permanently can transfer their Dutch pensions to Recognized Pension Sche...

Moving Dutch Pension to a Recognised Pension Scheme in India

India based Dutch expats who are relocating and retiring in India permanently can transfer their Dutch pensions to Recognized Pension Scheme to avoid Dutch income tax, any capital gains tax in the Netherlands and avoid any Dutch taxes on death. You will also need to check the DTA between the country you reside in at retirement and the ROPS.

In accordance to the Pension Act, an International Value Transfer (IVT) of pension benefits accumulated in the Netherlands to a foreign country, is possible under certain conditions. You can transfer your pension accruals to various EU and non-EU pension schemes.

However, international tax-free transfers of Dutch pension benefits are only possible if approved by the tax authorities in the Netherlands.

You will need to phone both your Dutch pension company and the Dutch tax authorities, the Belastingdienst on +31 55 538 5385 to organise the “transfer out” papers and get the latest transfer value for your pension pot.Once the Dutch tax authority and your Dutch pension company allow a transfer, we can help you move your Dutch pension to India and invest it with the best investment Pension Schemes in India.

Why Transfer a Dutch Pension to a Recognised Pension Scheme in India ?

Here are some of the reasons to transfer a Dutch pension to India:

Benefits of a Dutch Pension Transfer Overseas to a ROPS in India. Benefits Only Apply if the Member is Not Tax Resident in the Netherlands

Ø  Avoids Dutch taxes like Dutch income tax,  Wealth & Estate taxes etc.,  

Ø  Receive Pension & other benefits in Indian currency.

Ø  Benefit from better appreciation opportunity presented by the Indian market.

Ø  Leave behind the unused pension funds for your beneficiary without any tax liability.

Ø  Benefits from a Growing Indian economy : In economies like Netherlands expected annual returns are in the range of 2 to 4%. Whereas India offers better earning opportunity than the Dutch market may offer. For instance, the Term-Deposit rate in India is above 8%.

Summary

The pension scheme in India presents you a unique opportunity where you can save 100% of your pension contributions made in Dutch.

The Indian economic growth provides an opportunity to improve returns on investments in comparison to Netherland/Dutch.

The 2014 budget in the Netherlands hit Dutch pensions hard. Some of the changes meant that:

Pension accruals (pension savings) will reduce for employees

 Survivor pensions payable on death would be reduced

In the event of disability, the level of insured coverage would be lower than at present

Reduced risk coverage

Can i transfer my Dutch Pension Scheme to an Indian Pension Scheme?

As of January 1, 2007, certain provisions concerning international transfers of pensions for Dutch expats moving overseas were incorporated in the Dutch Pensions Act .

Some of these provisions impose new obligations on pension funds. Thus, your current pension scheme is now obliged to co-operate in certain situations and must decide themselves whether the conditions are met to allow a transfer.

In other situations the pension administrator has the discretionary power to decide whether or not to co-operate; in these cases too, certain conditions apply.

Pension administrators have thereby acquired a personal responsibility with regard to international value transfers (IVT’s). In other words, your pension scheme has the ability to say yes or no to allow the transfer.

How to Transfer a Dutch Pension to a Recognised Pension Scheme In India ?

 How do I transfer my Dutch pension to a pension Scheme In India ?

You need to contact both the Dutch government’s tax revenue collection agency, the Belastingdienst, and you will also need to contact your current pension providers and ask them for an International Value Transfer (ITV).

Which Dutch pensions qualify to transfer overseas?

You cannot transfer Dutch state pensions (pillar 1) overseas. You can transfer second pillar and third pillar pensions though. That is those pensions where the employer and a member have contributed to a pension and private pension contributions.

Any Dutch pillar II pension can be transferred overseas if your current pension providers and Dutch tax authorities allow it.

To know in detail about the benefits or amount of pensionable service, the transfer value payment of Dutch pension pot will buy in the receiving pension scheme in India & also to know more about the options, pension schemes available in India to get your Dutch pensions transferred, I wish to schedule a free, no obligation telephone consultation to discuss ways I can help yourself and any of your colleagues who has accumulated pension fund in Netherland/Dutch. I can also be reached with the following contact details.

Mr Ravi Kumar. Financial Consultant (Code: 60272381), Exide Life Insurance Co Ltd. Branch- B 21, # 28, 6th floor, Centenary building, M.G Road, Bangalore-560 001.

Cell:     +919844519872, +919980927393
Email:  ravi.sampige@gmail.com

Transfer your Malta Pensions to a QROPS in India. A unique opportunity for India based overseas citizens who has invested their UK pensions in Malta based QROPS.

Many India based UK citizens have accumulated pensions with UK pensioners like NHS, Aviva, Standard Life etc., & finally got their UK pensions transferred to Malta based QROPS trustees like, Sovereign Group, STM Malta, The Momentum Pensions etc, . 

Malta is an English-speaking jurisdiction with excellent regulation and a flexible approach to QROPS.  As a full EU and Commonwealth member, the island has a long history of economic and financial security.

Now, India based overseas citizens, especially India based UK citizens who have transferred their UK pensions to Malta QROPS trustees can cross another milestone by re-transferring their pensions from Malta QROPS Trustees to India based QROPS schemes.

India has witnessed as the fastest growing economy in the world. India’s gross domestic product (GDP) growth rate for the January-March 2016 quarter came in at 7.9%. This rate of growth is far above that of comparable economies in any part of the world. The Philippines ranks a distant second, with China third in the GDP growth league tables for the January-March 2016quarter.

4 Reasons why you should look at QROPS!

> Receive Pensions in Indian Rupee

> Withdraw upto 30% tax free lumpsum at the time of vesting.

> Benefit from better appreciation opportunity presented by Indian Market

> Leave Behind the unused pensions/Funds for your beneficiary without any tax liability.

Tax Advantages and Flexibility

> Tax Free Commutation up to 1/3rd of your fund value*.

> Further contributions enjoy tax benefits u/sec 80 C*.

India offers you better earning opportunity than any other economy in the world.

Expected Annual Returns on your India based  pension fund under QROPS are in the range of above 9%

1 United Kingdom 1.60%*

2 United States 1.05%

3 Australia 4.20%

4 India 9.04%**

5 South Africa 5.89%

6 China 3.30%

Guaranteed Returns

• Guaranteed rate of return

• Guaranteed fund protection so that you are

. guaranteed of a peaceful retired life

Flexibility

• Save more through Top-Up Premiums.

• Decide premium payment duration with an

  option to alter it.

• Decide premium frequency

.  Decide age of retirement

Malta based Sovereign QROPS  have introduced new transfer out fees in light of these circumstances. They are as follows

Centaurus Retirement Benefit Scheme

Within one year of establishment €3,000

Within two years of establishment €2,000

Within three years of establishment, and thereafter €1,000

Centaurus Lite Scheme

Within one year of establishment € 1,500

Within two years of establishment € 1,000

Within three years of establishment, and thereafter € 500

To know in detail about the benefits or amount of pensionable service, the transfer value payment of Malta pension pot will buy in the receiving pension scheme in India & also to know more about the options, pension schemes available in India to get your UK based Malta pensions transferred, I wish to schedule a free, no obligation telephone consultation to discuss ways I can help yourself and any of your colleagues who has accumulated pension fund in UK & the same is invested in  Malta pension scheme. I can also be reached with the following contact details.

Mr Ravi Kumar. Financial Consultant (Code: 60272381), Exide Life Insurance Co Ltd. Branch- B 21, # 28, 6th floor, Centenary building, M.G Road, Bangalore-560 001, Karnataka, India.

Cell:     +919844519872, +919980927393

Email:  ravi.sampige@gmail.com

New UK’s Pension Schemes Act 2015- Transfers are possible only to ‘Defined Benefit’(DB) QROPS scheme . India based UK expats/NRI’s who accumulated UK pensions should know about Defined Benefit scheme.

India based UK expats forms the largest expats in the United Kingdom. Many overseas Indian citizens who have been working in UK as Doctors, Engineers, Teachers etc., have contributed to pension fund in UK & considering to get their accumulated pensions transferred to a QROPS schemes in India for availing higher growth & also for getting special tax advantages. So it is very important for them to know the changes made in UK’s new Pension Schemes Act 2015. Below are the silent features of new Pension Schemes Act 2015.

The Pension Schemes Act 2015 restricts transfers out of unfunded defined benefit public service pension schemes(like NHS pension scheme/Teachers pensions etc.,) except to other ‘Defined Benefit(DB) Schemes. This means that from 6^th April 2015 transfers are possible where the receiving scheme is a ‘Defined Benefit’(DB) scheme only. At the same time, it also does mean that transfers are not possible anymore, if the receiving scheme is a ‘Defined Contribution’(DC)scheme.

Draft regulations has come into effect on 6^th April 2015 that has restricted transfers out of unfunded defined benefit public service pension schemes(like NHS pension scheme) to Defined Contribution(DC) schemes. That means till 6^th April 2015 HMRC allowed transfers out of unfunded defined benefit public service pension schemes(like NHS pension scheme) to Defined Contribution(DC) schemes also.

The UK Government have banned transfers out of benefits held in unfunded Defined Benefit (DB schemes) public service pension schemes (like the NHS pensions scheme/Teachers pensions etc.,) to scheme offering flexible benefits. This means that a transfer will not be possible if an overseas receiving scheme provides benefits that meets the definition of ‘flexible benefits’ found at section 74 of the pension schemes act 2015. In other words, a transfer will not be possible for ‘Defined Contribution’ (DC) scheme as the DC scheme provides flexible benefits even though the scheme appears on HMRC’s QROPS list on HMRC website. Below details clarifies more on the definition of ‘flexible benefits’ ,

Section 74, Meaning of ‘Flexible Benefits’

In this part ‘flexible benefit’ in relation to a member of a pension scheme or a survivor of a member means,

Ø  A money purchase benefit,

Ø  A cash balance benefit, or

Ø  A benefit other than a money purchase benefit or cash balance benefit, calculated by reference to an amount available for the provision of benefits to or in respect of the member (whether the amount so available is calculated by reference to payments made by the member or any other person in respect of the member or any other factor)

The transfer is not possible, if the receiving scheme provides benefits on retirement or death which are calculated by reference to an amount available for the provision of these benefits (the member’s ‘Pot’ or ‘fund’), whether this ‘pot’ or ‘fund’ is calculated from payments made by the member or any other factor (for example, payments by employers, transfers into the scheme or member payments) ? Usually the member’s pot is invested. Sometimes there might be a  guaranteed rate of investment return.

Because in the UK, these types of benefits are known as ‘money purchase’, ‘cash balance’ or ‘Defined Contribution’ benefits.

NHS made it clear that a letter from HMRC(HM Revenue & Customs) to the receiving scheme with a QROPS number is not sufficient that the scheme is or will remain a QROPS. Similarly, appearance on the published list of QROPS schemes on HMRC website is also not guarantee that the listed scheme on HMRC’s site is or will remain a QROPS(Qualifying Recognised Overseas Pension Scheme).

As stated in the very beginning, the Pension Schemes Act 2015 restricts transfers out of unfunded defined benefit public service pension schemes(like NHS pension scheme/Teachers pensions etc.,) except to other ‘Defined Benefit(DB) Schemes. This means that from 6^th April 2015 transfers are possible where the receiving scheme is a ‘Defined Benefit’(DB) scheme only.

 If the receiving scheme is not ‘Defined Benefit’ scheme(DB), then a transfer is not possible at all to an overseas QROPS scheme even though the scheme appears on HMRC’s QROPS list on HMRC website. For one’s kind information, most of the QROPS scheme’s appeared on HMRC’s QROPS’s list, especially India based QROPS schemes  are ‘Defined Contribution’(DC) Schemes & not Defined Benefit(DB) schemes.

Please contact me for an informal chat about the transfer scheme with my following Contact details.

Mr Ravi Kumar. Financial Consultant (Code: 60272381), Exide Life Insurance Co Ltd.

Branch- B 21, # 28, 6th floor, Centenary building, M.G Road, Bangalore-560 001.
Cell:     +91 9844519872, +91 9980927393
Email:  ravi.sampige@gmail.com

Requirements of the HMRC legislation/Conditions for QROPS in India- India based UK expats/NRI’s who has accumulated UK pensions & looking for QROPS in India that meets all the conditions of HMRC to avoid UK tax of 55%.

India based UK expats forms the largest expats in the United Kingdom. Many overseas Indian citizens who have been working in UK as Doctors, Engineers, Teachers etc., have contributed to pension fund in UK & considering to get their accumulated pensions transferred to a QROPS schemes in India for availing higher growth & also for getting special tax advantages.

There are about twelve India based QROPS schemes listed on HMRC’s QROPS list. But, before going into the scheme details, It is good to know the HMRC’s regulations over QROPS . One should be aware that, HMRC do not approve & Guarantee any pension scheme listed on HMRC site as QROPS. Following is the disclaimer clause of HMRC as for as QROPS schemes that are on HMRC site:

“Publication on the list should not be seen as confirmation by HMRC that it has verified all of the information supplied by the scheme in its notification. The purpose of this list is merely to help UK registered. pension schemes carry out their due diligence when transferring pension savings to another pension scheme that is not a registered pension scheme. The list is not to be taken as a recommendation for a particular scheme or product. Nor should it be taken that any scheme featured on the list is approved or backed by HMRC. Completeness of this list”

UK pensioners  including NHS do accepts that  overseas pension schemes (for example, Pension schemes in India) may be open to customers with different retirement needs, so that pension scheme in india cannot be the same as UK pension scheme in terms of policy features. However, UK pensioners would also expect the overseas pension scheme rules(for example, Indian Pension scheme rules)  to have a clause stating that the normal pension age for a member who has UK transferred funds cannot be before age 55 and they also expect to see the HMRC reporting requirements detailed.

All UK Pensioners including NHS understands the requirements of the HMRC legislation including that in the Overseas Pension Schemes (Miscellaneous Amendments) Regulations 2015 are that the receiving scheme is broadly similar to a UK registered pension scheme. The overseas pension scheme (OPS) must be a recognised overseas pension scheme (ROPS) and on the HMRC list of ROPS.

ROPS - As you will know, to be a ROPS a scheme must meet all the following conditions:

· it is an OPS; and

· it satisfies the ‘benefits tax relief test’; and

· it satisfies the ‘pension age test’; and

· satisfy at least one of the two tests

  Test 1: is a test of location/scheme type. At least one of the following points must be satisfied:

· the scheme must be established in a Member State of the European Union, Norway Liechtenstein or          Iceland, or

· the scheme must be established in a country or territory, other than New Zealand, with which the UK has a    Double Taxation Agreement that contains exchange of information and non-discrimination provisions, or

· the scheme must satisfy the requirement that, at the time of the recognised transfer in, the transfer is made     to a pension scheme which is a ‘KiwiSaver’ scheme as defined in section 4(1) (interpretation) of the      KiwiSaver Act 2006 of New Zealand.

  Test 2: requires that at the time of the recognised transfer into the OPS, all four of the following sub-requirements are met:

· the rules of the scheme are such that at least 70% of the funds transferred in will be designated by the    scheme manager for the purpose of providing the member with an income for life;

· the rules of the scheme are such that the pension benefits (and any associated lump sum) payable to the    member under the scheme, to the extent that they relate to the transfer, are payable no earlier than normal  minimum pension age (usually age 55) or earlier ill-health;

· the rules of the scheme are such that membership of the scheme is open to persons resident in the country    or territory in which it is established; and

· if the scheme is established in Guernsey and is an exempt pension contract or an exempt pension trust  under s157E of the Income Tax (Guernsey) Law 1975, then the scheme must not be open to non-residents  of Guernsey.

In order for NHS Pensions to transfer pension benefits the ROPS must be a qualifying recognised overseas pension scheme (QROPS) as defined by HMRC’s legislation.

In order for a ROPS to be a QROPS, certain final steps must be taken and further conditions met:

The scheme manager is the person (or the persons) administering or responsible for the management of the ROPS.

The Scheme Manager of the ROPS must notify HMRC that the scheme is a ROPS providing the following information:

1.       the name and address of the scheme and the date it was set up;

2.       the name of the country or territory the scheme is established in;

3.       name, address, contact details and legal status of the scheme manager;

4.       confirmation of whether or not the scheme is regulated in the country in which the scheme is established. If the scheme is regulated the name and address of the regulator and any reference number allocated by that regulator;

5.       the name and address of the tax authority for the scheme in the country or territory in which the scheme is established. This is not required if the scheme is set up by an international organisation; and

6.       confirmation of how the scheme meets the requirements of being an OPS and a ROPS

7.       provide such evidence as HMRC may require to show that the scheme is indeed a ROPS (which may include supplying a copy of the scheme rules); and

8.       undertake to:

                     · inform HMRC if the scheme ever ceases to be a ROPS; and

               · comply with any prescribed information requirements that fall on the scheme manager; and

               · ensure that their pension scheme continues to meet the requirements to be a QROPS.

The respective client  is required to make their own due diligence to ensure all the relevant conditions have been met by the selected QROPS scheme in India to get his/her UK pensions transferred in order to protect both the UK Pensioner (who is a transferring scheme)  and the member from potential tax charges due to the transfer made to a QROPS in India.

HMRC legislation refers to the requirements expected of the receiving scheme, therefore the members age at the time of the transfer, or the terms of their individual policy agreement with the scheme is not what would determine whether the scheme satisfies HMRC conditions.

The Overseas (Miscellaneous Amendment) Regulations 2015  2 and 3 amend the overseas pension scheme regulations by adding a condition which must be met by a scheme before it becomes a recognised overseas pension scheme. Benefits must be payable to the member no earlier than if pension rule 1 in section 165 applied i.e. no earlier than the age of 55.

One should note that many India based QROPS schemes which appear on HMRC’s QROPS list on HMRC’s official website,  does not appear to satisfy the requirement to be a ROPS because many India based QROPS schemes on the list does not satisfy the ‘pension age test’ in the Overseas (Miscellaneous Amendments Regulations) as many India based QROPS schemes do got following policy features, which is actually not in terms of HMRC’s Pension age rules:

           ·Many India based QROPS allows clients to choose a vesting age between age 45 and 75

           · Many India based QROPS got no clause in main the scheme rules stating that the vesting of UK      transferred funds is not possible before age 55.

In view of above reasons, it would appear that many India based QROPS schemes do not meet the conditions be a QROPS. If an India based UK expat/NRI who has accumulated pensions in United Kingdom & considering to get is UK pensions transferred to a QROPS scheme in India, he/she should make his/her own special due diligence before selecting QROPS in India to get his/her UK pensions transferred in order to save his accumulated pensions from potential UK’s tax of 55%. Other wise, his/her transferred UK pensions will get taxed at the rate of 55% from HMRC-UK.

So it is the duty of the member (who has accumulated UK pensions) to verify whether the scheme is meeting the revised Conditions of HMRC or not. One of the prime conditions of HMRC is that, QROPS should not allow any benefits before age 55. Else the transferred Corpus will attract the UK tax of 55% + Penalty that can go upto 82%. 

Please contact me for an informal chat about the transfer scheme with my following Contact details.

Mr Ravi Kumar. Financial Consultant (Code: 60272381), Exide Life Insurance Co Ltd.

Branch- B 21, # 28, 6th floor, Centenary building, M.G Road, Bangalore-560 001.
Cell:     +91 9844519872, +91 9980927393
Email:  ravi.sampige@gmail.com

India based QROPS Verses(V/S) OFF Shore based QROPS- Which is the best option for India based UK expats/NRI's

Many India based UK expats/NRI's who have been working as Doctors, Engineers,Teachers etc., in United Kingdom would have accumulated UK pensions. many of them do consider transferring their accumulated UK pensions to a QROPS overseas for availing many more benefits like more grwoth, tax benefits etc.,

Many of them might be wondering whether to choose India based QROPS scheme Or OFF Shore QROPS solutions.I have tried to give both merits & demerits of both Indian & OFF Shore QROPS over each other in the following two Scenerio's. So that respective client's who have accumulated UK pensions will be helped. Hope below information would be helpful for India based UK expats/NRI's who have accumulated UK pensions:

Scenario-1

Scenerio-1			Advantages of India based QROPS Over OFF Shore  QROPS
Sl No		India Based QROPS				OFF Shore QROPS
1		Emerging markets like India tend to offer better returns than those offered by developed economies & other emerging markets in the long term since the fundamentals are strong in India				Developed Economies will not produce better returns & Identifying potential emerging markets & particularly potential stocks, mutual funds & other investment options is the most challenging one for Investment Managers & financial advisers since the investment market is geographically huge.
2		The term ‘Guaranteed’ can be found only in India based QROPS. The investment portfolio is not linked to stock market & there will be no investment fluctuations & the entire fund both base transferred NHS pensions & Bonus added are safe & Guaranteed				There is no term ‘Guaranteed’ associated with the OFF Shore investments. The entire investment portfolio is linked with the capital market. The investment portfolio fluctuates as the capital market fluctuates. The investment value can go up drastically as well as down anytime. The investment risk is borne by the policy holder.
3		Regulatory protection- All the insurance companies operating in India are subjected to solvency regulations of IRDA. The minimum solvency ratio is 1.5 times of the insurers liability towards the customer. So there will be a kind of Soverign Guarantee against such risks like ‘Insolvency of Companies’. IRDA is one of the regulators like RBI who regulates banks. Both IRDA & RBI are nothing but Govt of India. So it’s a kind of Sovereign Guarantee. This kind of protection can be found only in India &no where else across Globe.				There is no such concept of ‘Solvency Margin’ protection available with OFF Shore QROPS schemes. The investments  risks is completely borne by the policy holder. In case of economic recession, there is a chance to loose the entire fund following the underperformance of the Investment portfolio.
4		On attaining age 55, the member can take upto  1/3rd of the total lumpsum & on remaining 2/3rd the member will be paid pension income till death. On member’s demise, the entire 2/3rd will be given to beneficiary as tax free lumpsum. It almost works like keeping money in a bank’s safe fixed deposit & taking interest on it in the form of pensions. The entire 2/3rd capital is safe, Guaranteed & tax free.				On attaining vesting age the Member will start getting pension income. The pension rate is fixed based on  Member’s age & UK GAD table. Based on Member’s age & UK GAD table a percentage is fixed stating how much a member can start taking out every year from the accumulated pension Corpus. It’s called drawdown pensions. As member starts drawing pensions out of the corpus, the size of the corpus keeps reducing every year & at the same time the remaining corpus gets invested. Once again investments can go up as well as down. So on member’s demise it is difficult to say, what corpus is left for family. It may be higher than India based QROPS or lesser than that also. Or sometimes with no funds also to pass to family.
5		Easy & comfortable access to policy details like, you can walk into nearest branch office, meet financial consultant in person, since the office branches located in your base resident country.				Comparatively not so comfortable to access your policy details since the concerned offices located in different parts of the world. Also OFF Shore QROPS structure is totally different from India based QROPS. With OFF Shore we need to choose a Trustee (like Sovereign), Custodian insurance company (like Skandia) & QROPS jurisdiction as well as Investment fund houses. So that to get policy details, we need to contact all of the above separately. Where as in India, you need to call just ‘One Point of Service’, for example like ING, LIC etc. There is no such confusions.
6		Majority investments are done in Bond instruments like Govt Securities & AAA rated funds. In India Bonds interest rates are comparatively higher than any other emerging economies. Even Savings banks interest rates in India is more than 3.5% p.a. So that your investments value can only go up & less prone to down turn movement.				Eventhough you got the option of investing in Bonds & Debt instruments there Is no term ‘Guaranteed ‘component associated with the instruments. OFF Shore Bonds will give their stated returns subject to solvency of the issuer bank/company for the stated Bond/Debt maturity term. That means investments in Structured products also carries the same level of risks as if you have chosen to invest in equity based investment products. Moreover, returns with OFF Shore bonds are not beyond 6%.

Added to all the above points, now the very positive development with the Indian political history is, India got the most stable central Govt in the last parliament election-2014 with absolute majority. Since last 30 years, India Govt’s have been running with Coalition due to which the former Govt’s often face many hurdles to bring pro-growth legislations as for as economic issues are concerned. The coalition Govt’s has been forced to protect certain vested interests of different regional political parties. Now the present stable Govt can bring Pro-Growth legislations that will boost the economy. Stock  Market boom is just the reflection of the same. Since fundamentals are strong in India, we expect growth of the economy in the long term.

Scenario-2

Scenerio-2			Advantages of OFF Shore QROPS Over India based QROPS
Sl No		India Based QROPS				OFF Shore QROPS
1		Basically designed for Indian residents & don't suit OCI's as they are Global people				Designed for a more transient population & International advisers are more familiar with them.
2		Investments are held in INR & Investment value is not as much stable before major curr -encies due to heavy INR fluctuations				You can invest in assets in most currencies & can choose to receive payments in your local currency. Major currencies like GBP,USD, EURO are more stable with less fluctuations. So the investment value remains stable.
3		Most India based QROPS allow you to withdraw a  lumpsum of upto 33% of the pension fund on retirement.				In most of the OFF Shore QROPS you can withdraw the entire pension fund except for the 70% of the value transferred from depending on the local rules.
4		Usually offers India based  investments. So returns on investments are moderate				Can offer a wide choice of investments, including share,mutual funds & packaged investment products across the Globe.
5		India based schemes often have complex charging structu res.So its hard to tell whether you are getting value for your money.				Comparitively cost is less & remains uniform through out the term.
6		Once transfer is done to a India based QROPS, the fund gets locked & can't move your pensions to any other alternat ive scheme later if required.				You can take away your pension fund wherever you go &  wherever you want
7		You will not be known exact ivestment details & Investmen t managers.				Expert investment Managers will use their expertise in identifying the emerging markets & potential stocks, Mutual Funds, & other best investment options that can deliver excellent returns. You will be known where exactly your corpus gets invested.

Who am I? 

Let me introduce myself. I am Ravi kumar I have been working as a Financial Advisor for more than 5 years. I have been instrumental in transferring pensions for relatively good number of doctors & other professionals who have relocated from UK to India & other jurisdictions overseas. I promise to offer quality service & my service covers existing Pensions review, Free QROPS Consultations & Guide, Transfer Recommendation Report and much more.

Please contact me for an informal chat about the transfer scheme with my following Contact details.

Mr Ravi Kumar. Financial Consultant (Code: 60272381), Exide Life Insurance Co Ltd.

Branch- B 21, # 28, 6th floor, Centenary building, M.G Road, Bangalore-560 001.
Cell:     +91 9844519872, +91 9980927393
Email:  ravi.sampige@gmail.com