That Death in Service benefit you take for granted could trigger a tax charge
Many employers provide valuable staff benefits. Pensions have taken centre stage recently, given the introduction of auto enrolment in 2012, but there are a number of employers who also provide a life cover benefit to their employees called ‘Death in Service’.
Although many are fortunate to receive cover from their employer, death in service should not become a substitute for your own personal protection and life cover, so it’s important to ensure you and your family have the right level of cover arranged separately.
Read this post