This benefit pays out a tax-free lump sum on the death of an employee.
The benefit should be paid out under trust to the employees nominated beneficiary (to avoid Inheritance Tax) and will usually be four times an employee’s annual salary.
This benefit pays out a tax-free lump sum on the death of an employee.
The benefit should be paid out under trust to the employees nominated beneficiary (to avoid Inheritance Tax) and will usually be four times an employee’s annual salary.