Group Unit Linked Plan: Taxation

We would strongly advise that tax advice is taken before proceeding. However, the following may prove helpful.

• Typically, the need for the Plan for a special group of employees outweighs the tax issue.
• Check with tax advisors / department to determine whether or not the premium is deductible as a business expense.
• Establish the tax implications for the employment in the country in which the employee is resident.
• Understand the tax implications for the employee when the benefits from the Plan are received.
• The Unit Linked Plan policyholder funds pay no Guernsey Tax and no Guernsey Tax is deducted from benefit payments.