Britain: Tax Benefits for “Assisted Dying” Before Age 75
December 6th, 2024Via: Telegraph:
Terminally ill pensioners could end their lives earlier to spare loved ones six-figure tax bills under assisted dying legislation, experts have warned.
Under current rules, pensions are passed on free of income tax if the person dies before 75 years old.
If assisted dying becomes legal, however, it could leave someone close to that age with an agonising choice between prolonging their life or saving their family hundreds of thousands of pounds.
…
Currently, if someone dies before age 75, their pension can be inherited free of income tax. If they die after that age, their beneficiaries have to pay income tax on what they receive, which could be up to 45pc.
And to think Britain only a few decades ago was the moral and social superior of the brash US.
I think it is still is, Snowman. In the US you have to get permission to live using medical care for your illness from your profit-driven medical insurer under ‘prior authorization’, whereas in the UK you have to get permission to die in respite from your terminal illness from your ethics-driven doctors and legal judges.
The thieves are growing desperate. Buy [ and hodl ] bitcoin.
Dr Vernon Coleman, April, 2020:
“The elderly, who have already been brushed aside and denied normal human rights and freedoms, will be increasingly deprived of decent health care and encouraged to sign ‘Do Not Resuscitate’ forms. What the authorities don’t seem to realise is that, generally speaking, the elderly suffer from less illness than individuals several decades younger than them. The over-65s tend to have 1.3 illnesses per year each, on average. The under 65s tend to have 2.1 illnesses per year each, on average. The figures prove that illness isn’t the same thing as ageing.
“The wisest 70 and 80-year-olds may well deny their age and insist that they are five, ten or fifteen years younger than they really are.”
https://expose-news.com/2024/12/07/predictions-from-coming-apocalypse/
Even he didn’t realize how much worse it would be, telling old folks that, either they kill themselves 10 or 20 years before their time, or their relatives won’t get their traditional inheritance.
What a guilt trip for the relatives!
Or would the inheritance tax take most of it? So it’s about getting some of your money sooner or all of it later?
“You’ll have nothing” is certainly happening, but “you’ll be happy” is a fast-fading — or long-gone — false promise.
P.S. How old were Phil and Liz when they died, 90-something? How old is their son now, over 75?
It’s overtime for Major, 81. Brown has less than 2 years and Blair less than 4.
If the law applied only to all the assets of every Brit worth over $10 million, govt wouldn’t need anybody else’s money.