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Purchasing investment-link insurance for my staff

Would that count as income tax to my staff? And would that count as expense to my company?
Michael

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Not sure where you’re based, Michael, but generally, as far as I’m aware, that kind of thing would count as a benefit in kind, or fringe benefit, so yes, your employees would be subject to tax on it.

In terms of whether you can deduct it as a business expense, I think you can, as long as the employee rather than the business is the beneficiary (as under the rather horribly nicknamed ‘peasants insurance’ schemes... :-/ )

The rules are different for group life insurance and critical illness insurance schemes, in terms of the tax treatment for employer/employees, but that sounds like something slightly different to what you’re talking about.

It’s worth getting professional advice on this, though, as I’m not a pensions expert, just an enthusiastic amateur! ;)

Carl