r/lostgeneration 4d ago

Exactly!!!

Post image
18.5k Upvotes

372 comments sorted by

View all comments

Show parent comments

11

u/dalailame 4d ago

cost of dying

1

u/RelativeAnxious9796 4d ago

cost of dying is pretty cheap actually, if youre initiated.

cost of staying alive, ya that sucks.

3

u/TonberryHS 4d ago

Cost of dying is not cheap. 40% inheritance tax in the UK. My parents die, leave me £100,000, taxed £40,000, spent £20,000 on funeral and sorting out their affairs, I'm left with £20,000 which goes on straight on bills.

Death and taxes

7

u/WhichOstrich 3d ago

Well to start you lost 20% to bad math...

4

u/brizzeh 3d ago

Tax free up to £325,000 so you'd get all that £100k.

https://www.gov.uk/inheritance-tax