What if bad news, isn’t the only news.?
Recent measures robbing our pension funds for Inheritance Tax may not matter if British anti-aging scientist, Dr Aubrey de Grey, PhD, is right, and ‘Aging is a disease, like any other’
Age is the paramount human disease, and kills 100,000 people each and every day.!
Dr de Grey’s theory is that periodic advances in anti-aging therapies could extend life faster than aging progresses. In future, it could allow people to live indefinitely, by continually repairing accumulated damage. He believes ‘The first person to live to 1,000 years old may already have been born’
According to Professor David Sinclair of Sydney University, ‘80% of our future health is within our control – our ‘epigenome’ – and can be modified, while 20% is determined by genetics’. He goes on to say ‘There is no biological law that says we must age’
Seems our epigenome controls our aging process, and can be influenced by things we control like calorie intake, intermittent fasting, quality sleep, nutrition & supplements, and exercise..
The principle isn’t just about increasing ‘life-span’, it’s about slowing down cellular damage, to increase ‘health-span’
The potential is ‘win-win’ because, as Professor Sinclair says, ‘Adults who get sick, stop making money, and contributing to society, then start costing a whole lot to keep alive’
It’s all relevant to the taxation of inter-generational family wealth transfer, where the primary issue is Inheritance tax, when it is payable, and by whom
Our Chartered Tax Advisors typically structure family legacy planning around a combination of gifts, trusts and contracts. By definition, planning revolving around younger generations kicks the problem down the road, for maybe 100 years..
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All tax advice is provided, in writing, by a Chartered Tax Advisor
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