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Secure Bhavishya - Guaranteed Pension Plan

Qualifying Recognised Overseas Pension Scheme

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Qualifying Recognised Overseas Pension Scheme

Qualifying Recognised Overseas Pension Scheme
Meet our Advisor

Meet our Advisor

About Qualifying Recognised Overseas Pension Scheme

What is QROPS?

  • QROPS stands for Qualifying Recognized Overseas Pension Scheme. QROPS is a pension scheme that is administered outside United Kingdom (UK) and is registered with HMRC.
  • Pension fund from UK can be transferred into a QROPS on request from the pension fund owner for better accessibility and options.

What is HMRC?

  • HMRC stands for Her Majesty Revenue & Customs.
  • UK'S tax authority, responsible for making sure that the money is available to fund the UK'S public services and for helping families and individuals with targeted financial support

If you have any further queries and seek more details on QROPS, kindly write to us on

You can reach us at 0124-4315200 / 0124-4535000 (Available from Monday to Friday - 8:00 AM to 8:00 PM IST & Saturday - 9:00 AM to 6:00 PM)

Why Buy

Upon leaving UK, the members prefer to transfer the pension funds to their country of residence for better accessibility and options. The UK Government allows the member to transfer their pension funds to pension schemes in India registered as QROPS. QROPS facilitate transfer of NRI pension fund from UK to India

  • QROPS is widely considered as a tax efficient option of transferring such pension fund into a desired product. Kindly refer to for details on tax applicability. The company does not offer tax advice and hence you are encouraged to consult an independent tax advisor for applicability of tax benefits when pension fund are transferred to QROPS.
  • Opportunity to gain from exposure to emerging market and growth potential of the Indian economy by investing into India-specific funds. There is a potential to earn higher returns if invested in Indian pension product as compared to UK pension funds. This is particularly important for returning NRIs who are likely to have expenses in Indian rupees and be exposed to local cost inflation post retirement.
  • Funds accumulated for retirement stay invested with the same objective after QROPS transfer.
  • Avoid currency exchange rate fluctuations - If you have a UK pension you will receive payments in Pound Sterling. If you live abroad, these are subject to exchange rate fluctuations which can seriously affect the amount you receive in your local currency from one month to the next. A QROPS can help to ease these problems.
For details on tax efficiency of your pension fund transfer through QROPS please get in touch with an independent tax consultant.

A person who has accumulated pension fund in the UK and desires to transfer the same to India in a tax efficient retirement product registered as QROPS with HMRC.

Currently, Canara HSBC Life Insurance Secure Bhavishya Plan is registered as QROPS.

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