Indians who have lived in the UK and are now moving back to India should seriously consider transferring their pensions through QROPS-approved schemes. Keeping a UK pension while living in India can create unnecessary complications, from currency fluctuations to ever-changing UK tax laws. By transferring your pension, you can avoid UK income tax, inheritance tax, and currency conversion losses. Additionally, India offers better investment opportunities with potentially higher returns and more flexible withdrawal options. Since QROPS ensures compliance with both UK and Indian regulations, you gain peace of mind while securing your retirement savings. With India’s fast-growing economy, transferring your pension allows you to maximize your financial future. It’s a smart, tax-efficient way to protect and grow your retirement funds.
Category: QROPS List
Date: April 21, 2026

Check the recognised overseas pension schemes notification list
The following schemes in the QROPS List India February 2024 have conveyed to HMRC that they meet the conditions to be a recognised overseas pension scheme (ROPS).
QROPS List India February 2024
| ROPS | Country |
|---|---|
| Bajaj Allianz Life Guaranteed Pension Goal | India |
| Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan | India |
| HDFC Life Assured Pension Plan | India |
| HDFC Life Click 2 Retire | India |
| HDFC Life New Immediate Annuity Plan | India |
| HDFC Life Pension Guaranteed Plan | India |
| HDFC Life Smart Pension Plan | India |
| HDFC Life Smart Pension Plus | India |
| HDFC Life Systematic Pension Plan | India |
| ICICI Pru Easy Retirement | India |
| ICICI Pru Easy Retirement SP | India |
| ICICI Pru Guaranteed Pension Plan | India |
| Kotak Assured Pension Plan | India |
| Kotak Lifetime Income Plan | India |
| LIC’s Jeevan Akshay — VII | India |
| LIC’s New Jeevan Shanti | India |
| Max Life Guaranteed Lifetime Income Fund | India |
| SBI Life — Smart Annuity Plus | India |
| Tata AIA Life Insurance Fortune Guarantee Pension | India |
| Tata AIA Life Insurance Saral Pension | India |
| Tata AIA Life Insurance Smart Annuity Plan | India |