Death-in-service: Inheritance tax & Budget impacts

Rachel Reeves’ Autumn Budget has aimed to “make the inheritance tax system fairer” by making changes to death-in-service rules and inheritance tax, such as adding tax to unspent pension pots. Will death-in-service payments paid via discretionary trusts be affected when the changes go into effect on 6 April 2027? How will you be affected? We […]

5 pitfalls to look out for when dealing with death in service

In this article for the Reward & Employee Benefits Association (REBA), Shaun Kilcoyne highlights key mistakes to avoid when dealing with the unfortunate situation of death in service. Shaun discusses the common mistakes made that often lead to a longer, more stressful process and how to avoid these pitfalls. Read the article here

Group life trusts: 6 mistakes for employers to avoid

Many employers run their own group life trusts, dealing with death in service claims in house. Whilst this arrangement can work, there are six common mistakes that employers need to avoid to ensure they run effectively. Not keeping the trust documentation up to date If you set up your group life trust some time ago, […]

Life assurance trustee services: try our test case

Dealing with a death in service case can be a very challenging time. When emotions are heightened by the death of an employee, handling the administration of their life assurance benefits can create unwanted stress. Many employers will default to looking at the employee’s Expression of Wish form. But is it always obvious who should […]