RETIREMENT PLANNING
Thinking of moving back to India?
Ensure a smooth return with our expert assessment!
When NRIs return to India, there are several important steps to take for a smooth transition. One key aspect often overlooked is proper retirement planning, which plays a vital role in ensuring financial security and comfort in later years.
Choose Us for Smart Solutions, Trusted Guidance
At CONSULTCALIVE, we specialize in providing customized retirement planning and advisory services for NRIs. Our team carries out a detailed financial analysis to help clients understand their asset portfolio and its potential for growth. We also conduct mock reviews of past transactions, enabling clients to spot and fix any compliance issues early. This comprehensive approach not only supports effective retirement planning but also ensures that NRIs are fully prepared for their return to India, making the transition smooth and worry-free.
Retirement planning is the process of saving and investing in advance to ensure financial security and peace of mind during your retirement years.
• Notify your bank and convert NRE/FCNR accounts into resident accounts.
• Update your residency status for all mutual fund investments.
When an NRI returns to India, the status first changes to NOR (Resident but Not Ordinarily Resident). After a few years, it shifts to ROR (Resident and Ordinarily Resident), at which point global income becomes taxable in India.
Yes. Specific tax rules in India govern NRIs, and income from certain investments may be taxable. It is advisable to seek guidance from a tax advisor to ensure proper compliance.
Many NRIs underestimate future living expenses, overlook the impact of inflation, fail to diversify their investments, and ignore important tax implications.
