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Making Bereavement Payment

coxj2901
Posts: 207 Forumite
in Cutting tax
If as a company we make a one off bereavement payment to a widower of an employee who has recently died, are their any tax implications for the widower or the company?
Rgds, John
Rgds, John
Nov 2015:- Mortgage Balance £244,671
Aug 2017:- Mortgage Balance £183,832
Aug 2017:- Mortgage Balance £183,832
0
Comments
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Was their is death in service benefit in the deceased contract?
If so then it will be tax deductable for the company as a salary expense. I am afraid I dont know the personal position off the top of my head.
Also if it is not a defined salary benefit then I dont think the company will gain tax deduction on it but I couldnt be sure.
Sorry if the answer isnt as full as you'd like0 -
Hi There,
This is a seperate payment to the Death In Service Payment that the widower will receive. The staff of the company have collected circa £500 and the company are going to match the donation.
Rgds, JohnNov 2015:- Mortgage Balance £244,671
Aug 2017:- Mortgage Balance £183,8320
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