My business is set up as a LimitedCcompany, but I am the sole director and employee, for tax reasons.
I need to set up a new life insurance policy as my previous one expired. I am getting conflicting advice - accountant says I can only do this through the business if the company is the beneficiary (rather than next of kin) which would have tax implications - but that does not seem to make sense as I am sure it is commonplace for companies to provide life insurance for their employees where the family benefits.
Anyone know the correct position or where I can seek advice please?
Thanks.
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Limited Company, advice on life insurance please
7 replies
Merguez · 19/01/2016 19:42
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