Company Director Insurance
Many employee benefits come with strings attached by the taxman. But with a relevant life policy, the premiums won’t be subject to income tax or National Insurance for the employee.
The business benefits too. There’s no employer’s National Insurance and they may get corporation tax relief on the premiums, so with a relevant life policy it costs a whole lot less to provide employees with the Life Cover they need.
With money as tight as it is these days, it has to make sense for businesses and their employees to make the most of every tax allowance available.