18 Dec 2019

Video: how excepted life trusts can save tax for high earners’ beneficiaries

Many employers use an excepted life assurance scheme to provide death in service benefits for high earning employees affected by the pension lifetime allowance. Watch this case study video to see the difference it made for the beneficiaries of a senior employee who died in active employment before drawing any of their pension benefits.

Excepted life schemes do come with compliance and governance issues that can lead to tax charges and Financial Ombudsman complaints if not handled correctly. Using an excepted life master trust can take all these hassles away to make providing death benefits simple and even more valuable for some employees.

This article is provided by Punter Southall Governance Services.