Death In Service Schemes

In this article we look at what impact recent pension taxation changes might have on how employers provide this valuable benefit.

Introduction

Many employers operate death in service ('DiS') schemes, paying out a multiple of salary in respect of employees who die while in service. This doesn't necessarily mean they have to be at work when they die, but rather that they are current employees.

It's a delicate and difficult time for all parties, including for the representatives of the employer who often have to decide who receives the benefit. We've written about this before, so in this article we want to look at what impact recent pension taxation changes might have on how employers provide this valuable benefit.