The plan is a trust and should not form part of an employee’s estate, making it exempt from inheritance tax.
However, there may be some instances when tax is deductible.
If you’d like to discuss a relevant life plan in further detail, please get in touch with one of our highly experienced IFA’s, who will be happy to advise on the best plan for you and assess your business needs to see if this particular policy is of any benefit to your company.