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 […]

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 […]

Why death benefits are crucial

In this article for the Reward & Employee Benefits Association (REBA), Toby Andersen discusses the importance of death benefits for everyone and why they deserve more attention in a financial wellbeing strategy than they often are. He also explains the impact of the abolition of the lifetime allowance on excepted life policies. Please click here […]