UK tax incentives to euthanize elderly !!!

UK Government Offers Huge Tax Incentives to Citizens Who Euthanize Elderly Relatives If ‘Assisted Suicide’ Legalized
Frank Bergman
Dec 8, 2024

As the UK’s socialist government advances plans to roll out the globalist eugenics agenda by euthanizing citizens, details are emerging about the huge tax incentives that would be offered to families if they euthanize their elderly relatives.

Last week, the UK’s “assisted suicide” bill passed its second reading as it edges closer to being legalized.

The UK is following the example of Canada and other European nations which have already rapidly descended down the slippery slope of euthanasia.

Like the UK’s “assisted dying law” proposal promises, other countries also started out by limiting euthanasia to terminally ill patients with no other option.

However, all of these nations have since relaxed their laws other time and now use “assisted suicide” to euthanize citizens who have become a burden on the socialized system.

Canada first legalized its Medical Assistance in Dying (MAiD) program in 2016 to supposedly allow terminally ill patients an option to die on their own terms.

Yet, in just eight years, the Canadian government is already using MAiD to fulfill a eugenics agenda by euthanizing citizens who are poor, mentally ill, disabled, or otherwise drain public resources.

Now, reports are emerging from the UK that seniors could help their family members avoid huge taxes on their inheritance if they are euthanized before they reach 75.

Under the far-left Labour Party government’s scheme, citizens who live beyond 75 could be leaving their relatives with six-figure tax bills when they die.

However, those who sign up for “assisted suicide” before their 75th birthday would avoid leaving their family with a huge tax bill.

“The six-figure tax problem looming over Labour’s assisted dying law,” the Telegraph reports.

“Terminally ill pensioners could end their lives earlier to spare loved ones?six-figure tax bills?under assisted dying legislation, experts have warned.”

It comes as the recently elected ruling Labour Party ramps up taxes on citizens.

The government demands that citizens pay income taxes on pension funds inherited from deceased relatives over the age of 75.

However, pensions “are passed on free of income tax if the person dies before 75 years old.”

But if someone dies after age 75, “their beneficiaries have to pay income tax on what they receive, which could be up to 45pc.”

The obvious problem is that it creates massive financial incentives for some to choose – or be pressured into – “assisted suicide” before they reach the age of 75.

“If assisted dying becomes legal,?however, it could leave someone close to that age with an agonizing choice between prolonging their life or saving their family hundreds of thousands of pounds,” the newspaper notes.

“Pensions specialist, Andrew Tully, said that the potential law change presented an additional consideration in what was already a ‘cliff-edge situation.’”

The Telegraph breaks down the math behind the tax incentives:

    For example, if someone died aged 75 with £500,000 in their pension pot, the person inheriting it could pay £225,000 in income tax?if they took it as a lump sum.

    However, if the deceased had passed away any time before their 75th birthday, this tax bill would be reduced to zero.

Andrew Tully, of Nucleus Financial, said it was “yet another consideration” for people at the end of their lives.

“With pensions, there’s a cut-off age where death before age 75 is treated more generously tax-wise compared to deaths on or after age 75,” Tully said.

“This is a cliff-edge situation and a few days either way could have a significant financial impact.

“In some cases, it can be hundreds of thousands of pounds.

“When someone is terminally ill, consideration of tax and what money is passed on already adds extra stress, especially where complex family dynamics are involved.

“They’re at the end of their life, but at the same time are worried about providing for those they’ll leave behind.”

Mike Ambery of UK pension firm Standard Life warns that such incentives could influence a person’s decision to “choose” euthanasia.

“We are yet to fully understand how the assisted dying legislation will work in practice, however, it is clearly vital that we create a system whereby wider financial considerations should not influence an individual’s decision,” Ambery told the Telegraph.

“In future, assisted dying will need to be a factor in the legal consideration of a multitude of financial circumstances, including lump sum death payments and estate planning.”

Rather unsurprisingly, the socialist government stands to benefit from citizens dying younger as it would relieve the dreaded burden on the state-funded pension system.