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 & maximum entry & 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