In the fifth part of our business protection special, Maria Merricks reveals the tax implications of safe-guarding a business.
Nothing is certain but death and taxes, the old adage goes. For advisers planning to add business protection to their service proposition, this saying is particularly relevant, as they will need to understand the tax implications of helping companies to prepare for the loss of a key player. However, the perceived complexities of these tax rules are deterring advisers from entering the market, according to Jerry Bayman national corporate sales manager for Bright Grey and Scottish Provident. This is a myth providers are keen to bust. Within the business protection universe, it is insura...
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