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Thursday, 11 March 2010

Death tax shrouded in mystery

Health Secretary Andy Burnham is facing some tough choices on how to come up with the cash to fund care for the elderly, the cost of which is rising steadily as our population stubbornly insists on living longer.
The preferred option looks likely to be a 10% 'death tax'. In real terms that means people with an estate valued at £500,000 would find their families hit with a bill for £102,500 when they pop their clogs.
Apparently you really can't take it with you...

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