Risk Clinic: Group IP vs individual IP

Mike Izzard, Premier Choice This is always a difficult question to answer, and I would confirm whether the employer is asking him to pay for this (it then becomes a voluntary scheme), which is not the best way to do things as the benefit is taxable. Other issues to consider include: if the employer actively markets the scheme, it may move to an insurer without a ­continuation option and if the client leaves he may be left without cover if he is ­uninsurable. Typically, an employee cannot decide what level of cover they take out as this would make the scheme discretionary (unless, again,...