Aon Employee Benefits has said that tax advantages removed with new Optional Remuneration Arrangement (OPRA) rules, mean both employers and employees will need to be ready for tax charges.
The tax changes impact two flexible benefit arrangements, group life assurance and group income protection. The changes will apply from 6 April 2018 at the latest as part of salary sacrifice changes in the Finance Act 2017. Aon says that the way employers provide life cover to employees is also in the spotlight. Cover on a ‘registered' and ‘excepted' basis is now treated differently for Benefit in Kind (BIK) purposes. Given the rising popularity of excepted arrangements, there is significant...
Bill broadened to include insurable interest in cohabitants, group schemes and trusts
Thursday 4th October at The Hilton London Bankside
Early conversations about end-of-life care are crucial to ensure individuals living longer can make their own decisions, however right-to-die approaches vary all over the world
Group life, critical illness and income protection business bought from Munich Re