RE: When? Have you heard anything?9 Jan 2020 19:45
I work for a company that provides life insurance to companies for their employees as part of their benefit packages so an area i actually have a bit of understanding. Any benefits that are paid out in excess of the life time allowance, which i believe has just increased to 1,000,550, is taxed at 55%. So id imagine we would be going after high valued polices insured which are paid out by the individual as they would have had the set up seperately under an excepted trust which avoids the taxation.