The Will writing benefit provides employees with the convenience of making a Will through an experienced specialist provider and spreading the cost over 12 months through a salary sacrifice arrangement.
Demonstrates that you have a benefit in place which provides peace of mind to employees and their families
Provide access to a service that makes it convenient for employees to do something they have always promised themselves to do, but never actually got round to doing it
Support the trustees of your life assurance and pension schemes in event of the death of an employee when deciding who the funds should go to if there is contention, complexity or challenges are raised
The number of people in the UK without a will has hit 29.5 million, according to research by unbiased.co.uk many people without a will believe their estate will go to the right people automatically once they die. Unsurprisingly, the highest percentage of people without a will are in the younger age groups, with 84% of those aged 18-34 without one. Meanwhile, 35% of those aged over 55 have failed to put in place a will. Many people believe the people they would want to inherit will automatically do so, not understanding the law relating to intestacy.
Allows employees to spread the cost of the will over 12 equal monthly payments.
Help employees get their financial affairs in order
Provide your employees and their families with peace of mind
Ensuring an employee’s estate passes to the people they want to inherit i.e. if they co-habit, their partner will not be automatically entitled to benefit from their estate. Employees can specify an age older than 18 years for children to inherit, as 18 may be too young for children to inherit large sums of money and can make them vulnerable to undesirable influences.
No cost to the employer.
There is a special rate for employees, representing a 20% discount off the providers normal high street costs for a Will.
The cost of the will is collected from an employee’s salary before National Insurance is applied, delivering an additional saving of 12% to employees who are basic rate taxpayers and a 2% saving for higher rate taxpayers.
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