Group Income Protection

Group Income Protection

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are the premiums payable under the above type scheme subject to declaration on p11d to the individual scheme members, + subject to company class1a NIC ?

any other implications -

company to make the payments

tia
a r

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By neileg
22nd Mar 2006 09:38

Who gets the money?
If the company is the benficiary there's no benefit and the employee will be subject to PAYE & NI at the point of being paid.

If the employee is the beneficiary, there is a benefit but there will be no PAYE or NI on any claim.

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