UK resident NRI’s & OCI’s? Reduce your UK tax bill —> Switch your Indian fixed-deposits to tax-efficient mutual funds, reduce your tax bill & earn more

UK resident NRI’s & OCI’s? Reduce your UK tax bill —> Switch your Indian fixed-deposits to tax-efficient mutual funds, reduce your tax bill & earn more

If you’re an NRI or OCI living in the UK, chances are you still maintain fixed deposits (FDs) in India—whether for convenience, family reasons, or simply because that’s what you’ve always done. But here’s the problem: ➡️ HMRC taxes the interest you earn on your Indian fixed deposits, even if the interest is already taxed in India.➡️… more