360° UK-India Financial Review

Managing money between the UK and India means dealing with two very different tax, residency and financial systems. A decision made in one country can easily create unintended consequences in the other. Our 360° UK-India Financial Review brings your pensions, investments, income, tax position and future plans together into one integrated assessment, so you can see exactly where you stand and what to do next.

Fees start at £885, depending on complexity. Ongoing support is included within the scope of the review.

Who the review is for

• UK nationals planning to move to India, or already living there
• NRIs living in the UK, or moving back to India
• NRIs & UK nationals with UK pensions or investments
• Families with assets in both countries
• Business owners operating between the UK and India

What the review covers

Every review is tailored to your situation. Depending on your circumstances, it can cover:

• UK pensions — workplace schemes, SIPPs and the State Pension
• UK investments, ISAs and property
• Indian investments — fixed deposits, mutual funds and real estate
• Business interests in both countries
• Currency exposure and foreign exchange risk
• Moving money between India and the UK compliantly
• Insurance, protection, liquidity and cash flow planning
• Coordination with your existing advisers

Looking at these areas together reveals problems that fragmented advice misses: double taxation, inefficient structures, compliance gaps and inheritance complications. You receive practical, prioritised recommendations tailored to your circumstances.

Cross-border tax planning & residency advice

Tax sits at the centre of any UK-India financial plan. The two countries apply different rules to tax residency, worldwide income, capital gains and asset taxation, so your review analyses your position under both systems:

• UK income tax, National Insurance and capital gains tax exposure
• Tax treatment of foreign income in India
• NRI and RNOR tax status in India
• How the UK-India Double Taxation Agreement applies to you
• Reporting and compliance obligations in both countries
• Future tax planning if you relocate

The aim is a clear picture of your tax position today — and a plan that stays efficient as your circumstances change.

UK pension planning for NRIs & UK nationals

For many clients, UK pensions are their most significant asset, and where you retire affects how they're taxed, drawn and spent. If you hold UK pensions, the review can assess:

• Tax treatment of UK pensions for residents of India
• UK State Pension entitlement and uprating rules
• Timing of withdrawals and lump sums
• Long-term retirement income sustainability
• Currency risk when spending in rupees
• Healthcare and later-life planning

Considering a formal scheme transfer? Read our guide on how to transfer a UK pension to India through QROPS for eligibility, tax treatment and the process.

Inheritance & succession planning across two systems

The UK operates an inheritance tax system. India currently has no estate duty, but applies its own succession and family law requirements. Coordinating the two can significantly reduce complexity for your family.

Your review can consider:

• UK inheritance tax exposure on worldwide assets
• Indian succession law and family law requirements
• Coordinating wills in both countries
• Nomination structures for Indian assets
• Administration issues for beneficiaries
• The use of trusts where appropriate

Your written report & what happens after

At the end of the review you receive a personalised written report: a consolidated view of your finances in both countries, the key risks and planning gaps, opportunities to improve efficiency, and clear, prioritised next steps for implementation.

Support doesn't stop there. Within the agreed scope, we help you implement recommendations, answer questions as they arise, advise when your circumstances change, and coordinate with your other professionals. Any work outside the agreed scope is discussed and agreed in advance.

Why clients choose Atwal Financial

We have specialised in UK-India cross-border financial planning since 2008 and have advised more than 800 clients — NRIs, British expats and families — across the UK, India and beyond.

Clients value our integrated approach, clear communication and long-term relationships.