Pension tax trap could pressure elderly into assisted dying, experts warn

Pension tax trap could pressure elderly into assisted dying, experts warn

The new assisted dying bill could pressure elderly people into dying earlier in order to avoid passing on large tax bills to their families, experts have warned.Under current rules, if someone dies before age 75, most defined-contribution (DC) pension benefits can be paid tax-free. But after this point, beneficiaries are liable for income tax on the payments – and they could also face a hefty inheritance tax charge.This could potentially raise b…