Group Life Assurance

Group Life Assurance insures the earnings of an employee which may be paid as a lump sum to an employee's spouse or dependants if the employee dies in service prior to the normal retirement age.

The lump sum payment is normally tax-free. The employer pays the premiums and for tax purposes the cost is normally treated as a trading expense.

There are a number of factors which can affect the premium and which should be considered before setting up a scheme. These include assessing which employees are eligible to join the scheme, the minimum and maximum entry ages and retirement ages, and what benefits you wish to pay.

To find out how we can help contact either:

• Your nearest T.H. March office
• Steven Clemence on 01822 855555
• Click the call back button.