GRiD calls for OTS to reduce costs for employers offering life

Group Risk Development (GRiD) has responded to the Office of Tax Simplification's (OTS) request for Inheritance Tax (IHT) perception feedback by calling for various exemptions and the removal of tax charges for employers purchasing group life assurance (GLA). The group risk industry body argues that the provision of death benefit to dependants supports the aim of building resilient households which will in turn help lessen burden on the State. As well as outlining the benefits of GLA - in particular expected group life policies (EGLPs) - for employers, employees and society as a whole...