I currently pay about £30 a month in life assurance.
Is there any advantage in my company paying it for me?
David Griffiths
28th April 2010, 08:40
No. It will be tax deductible for the company but will be subject to full Class 1 National Insurance (employer and employees) at the time of payment. It will then go on your P11d at the end of the year and subject to income tax.