ISA and SIPP after you return to India

ISA wrapper status is UK-only. From the day you are Indian resident, ISA growth, dividends and interest are taxable in India. Most clients either liquidate before the move or treat the ISA as a normal portfolio post-move.

Under the India-UK DTAA, pension payments are generally taxable in the state of residence. SIPP draws while Indian resident are taxable in India with credit for UK tax. Lump-sum vs drawdown sequencing matters.

If you qualify for RNOR, foreign-source income (including SIPP draws) is typically outside the Indian net. Plan large draws to land in the RNOR years.