Managing Pensions & Retirement

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Retiring in India

Plan your retirement in India with expert guidance on financial and legal aspects.

Read

Retiring in UK

Guidance for NRIs planning a comfortable and secure retirement in the UK.

Read

FAQs

Are NRIs eligible for pension schemes in India?

NRIs can invest in pension schemes like the National Pension System (NPS).

Is it beneficial for NRIs to invest in Indian retirement plans?

Yes, NPS and life insurance-based pension plans offer good returns.

What are NRI Retirement Plans?

NRI Retirement Plans are plans designed for NRIs to build a retirement corpus and secure their financial future. The various plans available are NPS, Mutual Funds, Pension Plans, Annuity Plans, etc.

Who is eligible to purchase NRI retirement plans?

An individual who has not stayed in India for over 182 days in the previous year or for 365 days or more in the last four years preceding the previous year can purchase NRI retirement plans. The applicant should have a PAN card or a declaration in the company format that he/she is not a tax resident of India. To invest in the NRI retirement plans, the entry age stipulated is between 18 years and 60 years.

What are the tax benefirs for NRIs investing in NRI retirement plan in India?

You will have to consider your financial obligations, retirement goals, and budget before choosing the best NRI retirement plan. Choose the plan depending on whether you need a steady stream of income for a specific period or lifetime or a lump sum amount on your death.

Can NRIs repatriate their pension income from India?

Yes, pension income can be repatriated under RBI regulations.

What are the best health insurance options for NRIs returning to India?

NRIs can opt for global health insurance plans that cover India.

Why should NRIs invest in retirement plans in India?

NRIs should invest in NRI retirement plans in India to build a retirement corpus and secure their financial future while providing financial security for their family.

What documents are required to apply for an NRI retirement plan?

The documents required to apply for the best retirement plan in India for NRI are a PAN Card or a declaration in Company format that he/she is not a tax resident of India, Address Proof, and a passport-size photograph.

What documents are required to apply for an NRI retirement plan?

NRIs investing in the retirement plan India can claim tax deductions up to Rs. 150000/- under Section 80C of the Income Tax Act on the premiums paid and tax exemption under Section 10(10D) on maturity payouts received.