News
Calling All Directors
It is often appropriate, for reasons of tax efficacy, for shareholding Directors to be remunerated through a mixture of salary and dividends. It can make for a significant National Insurance saving.
But an oft overlooked fact is that dividends are not always covered by a Death in Service scheme Benefit.
Some scheme providers will cover dividends where specified, but where a scheme states 4x salary, it could be a nasty surprise for a bereaved dependent to find that instead of receiving 4x £100,000 they are only going to receive 4x £12,000.
It is easily resolved and better to find out now; rather than later, to your partners’ widow or widower’s detriment.
If you would like to discuss Death in Service benefits for your staff or directors, please get in touch.
Contact protection@pilpetersfield.co.uk for more details
Concerned about Interest Only Mortgages
Are you or is anyone you know concerned about how to repay an interest only mortgage that is about to end?
We have a number of solutions, so get in touch to see how we can help.
Contact mortgages@pilpetersfield.co.uk for more details