My Grandmother lived exceptionally long, dying at 93, she lived in her own home with family help until 91 before moving to nursing home. She rightly should have gone in her sleep in her own bed at 90 but unfortunately lived a few years too long (her words). She hated the last two years in there and also had to bury her son. I would be a big advocate of assisted dying, I’d happily go in my own home at 90 with all my children happy and healthy rather than dragging it out to the bitter end.
Moneymakeover Why does everyone say "Max your pension contributions"?
- Thread starter Sprocket77
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My Grandmother lived exceptionally long, dying at 93, she lived in her own home with family help until 91 before moving to nursing home. She rightly should have gone in her sleep in her own bed at 90 but unfortunately lived a few years too long (her words). She hated the last two years in there and also had to bury her son. I would be a big advocate of assisted dying, I’d happily go in my own home at 90 with all my children happy and healthy rather than dragging it out to the bitter end.
Sorry for the stupid question - how is it 42% relief and not 40% and why is it only 20% tax up to 53k on exit rather than 44k?
Hoping there is a tax credit or similar I am not aware of!
Presumably 42 is a typo. 53k would be for single income (or disparate income i.e. one earner is above 40% rate and one is not) married / civil partner couples.
Also the lump sum isn't mentioned arguably one of the most important tax aspects with it.