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Glossary
HMRC is short for Her Majesty's Revenue and Customs. It is a non-ministerial department of the British Government responsible for the collection of taxes and the payment of some forms of state support.
Inheritance tax is the tax that is paid on your estate when you die
QROPS is short for Qualifying Recognized Overseas Pension Scheme. QROPS is a pension scheme set up outside the UK, which recognized by the UK HM Revenue & Customs as meeting certain standards and conditions.
