These schemes will provide the family and dependents of your employees with a lump sum benefit, typically a specified percentage of salary, in the event of their death. The provision of a Death In Service scheme can be relatively inexpensive, and as far as your employees are concerned, there is no liability to income tax on the benefit. Your business also benefits from full Corporation Tax relief on the cost of the cover.
We can provide your business with assistance and advice in implementing a scheme most suited to it and your preferences.