By  Kevin Gude, Ben Goldby

A change to tax law on 6 April 2019 means that an often-overlooked statutory rule has been lifted; simplifying the tax efficiency of contributions paid to non-HMRC-registered group life assurance schemes. However, the change is not overriding.

In order for sponsoring employers and trustees to make best use of it, they should review the trust provisions and rules of their scheme and decide if an amendment needs to be made.