qrops punjab2

What is QROPS Punjab?
• A QROPS is a Qualifying Recognized Overseas Pension
Scheme which is listed with Her Majesty’s Revenues and Customs
(HMRC), UK.
• A QROPS is special scheme that allows you to move your
savings from UK based pension funds to an authorized
pension scheme in a foreign country.
Eligibility:
• Any Indian who has contributed to a pension fund (other than
National Insurance Contributions) in UK and has either moved or is
planning to relocate outside of UK.
• Only non active pension funds can be transferred.
• Ideally suited for Indians who are returning to India for a long term.Landsmiths projects Pvt Ltd
Ph : 0712 - 4648675
Mob : +91 98150-48888

QROPS Punjab
• QROPS Punjab provide a comprehensive service for clients wishing
to transfer their UK pension to a Qualifying Recognized Overseas
Pension Scheme (QROPS).
• Since the inception of QROPS, hundreds of schemes have been set
up in various jurisdictions all around the world. It is important to
receive the proper advice from QROPS Punjab in order to protect
your future income stream. Each jurisdiction has slightly different tax
structures, estate planning issues and drawdown methods. It is
important to seek out QROPS Punjab to maximize the benefits from
your pension.
• Our advisers will make sure you receive clear, concise advice so
that you can make an informed decision about whether to transfer
your hard earned pension into a QROPS. It is our job to simplify the
process for you.
Landsmiths projects Pvt Ltd
Ph : 0712 - 4648675
Mob : +91 98150-48888

4
Why Qrops & What is in it for you?
1. This scheme is much suitable for any UK Expats residing in UK would want to transfer their pension for
more benefits compare to UK Private pension and its also suitable for the people who have intention to
move out of UK or moved already to different part of the world.
2. This scheme works for the people who have the contribution on UK private pension.
3. Possibility in keeping the pension corpus in the strongest currency value in the market. The pensioner has
full freedom to invest his funds with QROPS approved scheme.
4. Fund growth will be monitored by our team of professionals and timely financial advice and regular
updates on fund performance intimated to the pensioner.
5. The benefits of UK pension can be availed only at the age of 55 and the same applies when it is
transferred to offshore QROPS. But the growth in offshore is 250% more compared to UK pension
companies.
6. If you have a private pension which you want to transfer to offshore, which will become free from UK
inheritance tax law (IHT) on death and survival.
7. Huge gains can be made on proper Inheritance Tax Planning (IHT) with a correctly setup QROPS Pension
Transfer.
8. Main advantages of this scheme are whole pension amount will be tax free on death, and can also
withdraw lump sum of up to 30% of the total pension fund.
9. This scheme is the provision to transfer of all of the pensioner’s unused funds to their beneficiaries free of
tax where in UK any uncertainty happens to the pensioner before the age of 75, he would probably have a
35% tax charge before he can pass on the proceeds to his beneficiaries, but incase the uncertainty
happens after 75 he would probably have an 82% tax charge!
10. Clients can withdraw income from his pension in a more tax-efficient manner and in his own choice of
currency.
Ph : 0712 - 4648675
Mob : +91 98150-48888

Who can buy QROPS?
Ph : 0712 - 4648675
Mob : +91 98150-48888
Features :
• Age should be above 18 years
• Contribution should be more than 2 years OR min of 30000 GBP
• Any nationality
• Anywhere from the world
• If you want to multiple your Pension Corpus rapidly
• Who is expecting Guarantee return of more than 8%
• Who wants to keep their funds in USD or their preferred currency
• If you want to be free out of Inheritance tax (IHT)
• Anyone wants their 30 % TAX FREE lump sum of pension
corpus
• Who would want to keep their beneficiaries/dependent happy
even after retirement
• Would like to follow the same lifestyle after retirement

Benefit from a Growing Indian economy
Expected Annual Returns on your pension fund in UK are in the range of
2% - 4% only.
India offers you better earning opportunity than the UK
market may offer
* Source – http://uk.deposits.org/;
** Source - http://www.moneycontrol.com/fixed-income/banks-deposits
S. No Country Name Deposit Rate- Term Deposits
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%
Ph : 0712 - 4648675
Mob : +91 98150-48888

Benefit from our experience in managing
QROPS
1.
• Exide Life Insurance is an established player serving over 1
million customers in India for 12 years.
2.
• The company has demonstrated a good track record in
managing retirement and pension products.
• Has delivered consistent returns by declaring an average bonus
of 9.66%over the last 6 years.
3.
4.
• Experience in managing a retirement corpus
of pension schemes.
INR 1000 cr. under its
5. • Managing QROPS based portfolio for over 1000 High Net worth
Individuals.
Ph : 0712 - 4648675
Mob : +91 98150-48888

QROPS Advantages
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Ph : 0712 - 4648675
Mob : +91 98150-48888

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• Payments must be taxable in the same way for
residents and non residents – except where there is
a DTA in place.
• Should a member live in a country with a DTA,
income is taxable only in the country where the
member is resident.
• Scheme to provide reports as required to HMRC to
maintain QROPS status.
Benefits test & Reporting
Ph : 0712 - 4648675
Mob : +91 98150-48888

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• QROPS gives you more return than any SIPP
• QROPS is the only gateway to move your promising money
to keep safe and make grow
• QROPS makes your retirement comfortable than UK
pension house for sure!
• You can avail your pension anywhere in the world
• Your children higher education can be taken care from
QROPS when its required
What are the advantages of
QROPS?
Ph : 0712 - 4648675
Mob : +91 98150-48888

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• The investment choice will normally be very wide
indeed. Under certain circumstances you can manage
the assets yourself with total freedom, or work with an
investment manager / financial adviser.
• You may also appoint an investment manager to make
the decisions for you or with you. It really depends what
you are looking to achieve and how involved you would
like to be with the investment decisions.
What investment choice and freedom will
I have with a QROPS?
Ph : 0712 - 4648675
Mob : +91 98150-48888

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QROPS-THE BENEFITS
FINANCIAL
Potential to avoid the 55%1
uk tax
charge on death
Potential to save between 20%
and 45% tax on pension income
Up to 30% pension commencement
lump sum
Eliminate the lta(lifetime
allowance)
FLEXIBILITY
Greater control over where the
pension fund is invested
Ability to influence the
investment strategy forthe
pension fund
Pension fund can be passed
to beneficiaries on death
Simplicity numerous pensions
can be consolidated into one
qrops
Choice of currency options to
help mitigate exchange rateriskLandsmiths projects Pvt Ltd
Ph : 0712 - 4648675
Mob : +91 98150-48888

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QROPS Other key benefits to customers
• 100% of the pension fund can be left to a pensioner’s
beneficiary free from inheritance tax law( IHT).
• A pensioner is offered a wider range of investments to
choose from
• A pensioner can take lump sum up to 30% as Tax free.
• A pensioner doesn't need to purchase any kind of annuity.
• A pensioner receive his pension free from UK income tax.
• A pensioner is charged low cost for charging structure.
Ph : 0712 - 4648675
Mob : +91 98150-48888

Getting Started With QROPS
Step 1
1. Customer agrees to transfer funds from UK to Exide Life Golden Years and initiate his new
policy.
2. “Request & Authority Letter (RAL)” and “Declaration Form” is signed by the customer.
Declaration form to be submitted at the time of login of base policy as it will form a part
of the policy document.
Step 2
1. Request and authority letter to be dispatched to QROPS team at HO
2. Exide Life Insurance sends the “RAL” to the UK pension provider.
3. UK pensioner sends the fund accumulation value and discharge forms, for signatures
from customer and by us.
Step 3
1. Complete form is filled up and signed by customer and Exide Life Insurance.
2. Complete docket with all the necessary documents are sent back to UK pension
provider.
Step 4
1. UK pension provider transfers the final value to customer’s Exide Life Golden Years
policy.
Ph : 0712 - 4648675
Mob : +91 98150-48888

Process Note for QROPS
 Proposal of Exide Life Golden Years to be logged as per normal process. All modes Single / Limited /
Regular PPT are allowed as per policy criteria. Money transferred from UK will be applied in the form
of Top-up. All charges will be applicable as per product charge structure.
 Vesting age must be chosen as Min 55 Years or above only.
 Along with Proposal form, enclosed “Request & Authority Letter” and “Declaration Form”must
also be signed by the customer (Both formats are available in the QROPS link on the intranet site)
 Proposal form should be submittedto FOCUS team for login without enclosing “Request &
Authority Letter”. The “Declaration Form” should be submitted to Focus.
 Please ensure the proposal is flagged as QROPS in sprint at the time of login
 “Request & Authority Letter ” should be sent as scanned copies to
qrops@exidelife.in followed by hard copies at the address mentioned below -
QROPS Team,
Exide Life Insurance Company
Limited, JP Techno Park, No 3/1 ,
Millers Road, Bengaluru – 560001
India
 Please ensure that both the letters have complete details in it. Also, if customer is having any
document related to his pensions, please send those document as soft copies followed by hard copies
to the QROPS team.
 A confirmation mail will be sent to the branches post receiving scan and hard copies of both the
letters.
 Should you need any assistance, please write to qrops@exidelife.in
Ph : 0712 - 4648675
Mob : +91 98150-48888

Summary…
1. QROPS presents you a unique
opportunity where you can save 100%
of your pension contributions made in
UK.
2. The
Indianopportunity to improve
returns
economic growth provides
an
on
Ph : 0712 - 4648675
Mob : +91 98150-48888

Thank you
-QROPS PUNJAB
Ph : 0712 - 4648675
Mob : +91 98150-48888

qrops punjab2

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