Tax question

[esselte]

Very boring,I know but,if an employee receives "death in service" insurance is this classed as a "benefit in kind" and therefore taxable.I think I know the answer but....over to you.

[bga]

Life Assurance/Death in Service is not a taxable benefit - you won't see it on your P11(d)


edited to add that partner life assurance is considered a taxable benefit

>> Edited by bga on Friday 24th June 20:28

[esselte]

bga said:

Life Assurance/Death in Service is not a taxable benefit - you won't see it on your P11(d) edited to add that partner life assurance is considered a taxable benefit >> Edited by bga on Friday 24th June 20:28

Thanks bga.

[johnp68]

not taxable,up to the approved limit of 4 times earnings

[esselte]

johnp68 said:

not taxable,up to the approved limit of 4 times earnings

Thanks for the clarification.