HR Advisory Service

We can offer HR Consultancy, guidance and support to businesses of any size on a range of related topics.

Whether there are concerns with:

  • Employment contracts
  • Changes to staff terms and conditions
  • Staff and employer handbooks, including policy and procedures
  • Personnel management of sensitive matters of disciplinary, grievances, capability and performance, flexible working practices and redundancy issues
  • Supporting employers with options on how to increase ‘buy in’s’ from the staff team as well as supporting staff through difficult times
  • Confidential employer or employee electronic helplines to support both during the transition from home to work
  • Up to date Employment legislation with regular information on agreements, court actions and outcomes, all to ensure that businesses have the best information available to make decisions for today and tomorrow.

ECP’s in-house HR specialists can support both employers and employees via phone, email and face to face contact depending on the business’s need. We offer a free initial consultation, with any fees applied being agreed before work commences.

ECP HR service includes bespoke, dedicated service to companies on a day to day level or by way of one-off service provision. Whatever your needs we have the solution for you.

Group Protection

A Group death-in-service policy provides financial reassurance for family and dependents and protects your business in the event of the death of an employee.

Group Death In Service Policy Features

A group death-in-service policy provides a tax-free lump sum and/or a taxable pension that an employee’s beneficiary can use how they wish, such as to pay off a mortgage, fund education or safeguard a certain standard of living. Bereavement counselling and probate advice can be included in the cover.

In addition, group death-in-service cover is an attractive benefit that can give your business an advantage over rivals and help you recruit and retain the best people.

Group Death In Service Benefits for Employers

  • Promotes good employer-employee relations
  • Helps to recruit and retain high-quality employees
  • Contributions can be claimed as a business expense

Group Death In Service Benefits for Employees

  • Financial reassurance for family and dependents
  • Help and support with bereavement and probate
  • Group protection schemes often provide a free cover limit, avoiding the need for medical underwriting.

Group critical illness is an employer established scheme that provides a lump-sum payment to employees suffering from a critical illness defined by the product provider, such as cancer, a stroke or a heart attack.

This type of policy provides financial support to employees and can help them make a full recovery and return to work. It reassures them of their financial position and your interest in their welfare. The lump sum received from a group critical illness policy can help towards the cost of treatment, nursing care and any home and lifestyle changes that are necessitated by an illness. It can also help to meet other financial commitments.

Group Critical Illness Benefits for Employers

  • Promotes good employer-employee relations
  • Contributions can be claimed as a business expense
  • Flexibility of cover to suit different budgets

Group Critical Illness Benefits for Employees

  • Financial reassurance if a serious illness is diagnosed
  • Cover for the most commonly suffered critical illnesses
  • Help and support during rehabilitation
  • Group protection schemes often provide a free cover limit, avoiding the need for medical underwriting.

Group Critical Illness Policy Features

A group critical illness policy pays a one-off, tax-free, cash lump sum if a condition defined under the cover is diagnosed and survived for 14 days or more (depending on the terms of the provider).

Policies can be tailored to the needs of an employer and cover can be provided at different levels. Also, many higher-risk occupations can be included in policies, allowing you to extend cover to a wider range of employees.

For further information on any of the services listed above, please follow the relevant link or contact the ECP corporate team directly on 01243 432 430

This type of policy provides a guaranteed income for employees who are absent from work for a long period owing to illness or injury. It can also safeguard retirement plans by maintaining pension and National Insurance contributions. In addition, it can help employees return to work by providing access to rehabilitation specialists.

Group income protection policies can be structured according to employer type and budget. Cover can also be provided at different levels: a basic level of protection can be given to all employees and selected benefits can be offered to help recruit and retain senior staff.

Benefits can be provided in a number of ways to suit individual employer circumstances and can be protected against inflation. In addition, flexible free-cover limits are often available and temporary cover is usually obtainable to protect employees through the underwriting period

Group income protection benefits for employers

  • Promotes good employer-employee relations
  • Tax relief is available on contributions
  • Covers an employer’s pension scheme contributions
  • Covers an employer’s National Insurance contributions
  • Helps to manage the financial impact of absenteeism
  • Helps to get employees back to work as soon as possible

Group income protection benefits for employees

  • Peace of mind provided by financial reassurance
  • Advice and assistance services
  • Covers pension contributions
  • Disability cover without further medical evidence
  • No benefit-in-kind tax penalties
  • Help and support during rehabilitation

For further information on any of the services listed above, please follow the relevant link or contact the ECP corporate team directly on 01243 432 430.

Group private medical insurance

What is group private medical insurance?

Group private medical insurance (PMI) is an employer provided policy that gives employees access to private healthcare. This highly valued benefit helps you to protect your most valued asset, your staff, and to reduce sickness-related absenteeism and its related costs.

Group PMI employer benefits

  • Helps to minimise disruption to the workplace
  • Reduces the cost of sickness-related absenteeism
  • Helps you to recruit and retain the best people
  • PMI can usually be claimed as a business expense

Group PMI employee benefits

  • High-quality treatment that can be accessed quickly
  • Flexibility with regards to where and when treatment takes place
  • Cover can be extended to include family

For further information on any of the services listed above, please follow the relevant link or contact the ECP corporate team directly on 01243 432 430.

Relevant Life

Relevant life policy benefits

A relevant life policy is a tax-efficient alternative to group death-in-service cover. This stand-alone, single-life policy offers cost savings and tax advantages for businesses of all sizes. By taking out relevant life policies for directors and employees, businesses can benefit from specific tax relief, while small business owners can make tax savings by replacing personal life insurance plans. In both cases, ECP can put in place the most appropriate relevant life cover using a trust arrangement.

Relevant life policy benefits

  • The premiums are not classed as a benefit-in-kind or a P11D benefit, which means they are not included in income tax assessments
  • Benefits will not form part of an annual pension or lifetime allowance. There is no potential to trigger a breach of the pension lifetime allowance, which attracts a 55% tax charge.
  • Premiums are treated as an allowable business expense and are eligible for corporation tax relief. The full amount of any benefit passes to chosen beneficiaries without any tax charge. There is no tax liability.

Relevant life policy maximum cover

  • Generally, most insurers will allow up to £10,000,000, but this varies depending on circumstances and the insurer.
  • Most insurers will accept cover in cases where the policy is for no more than 20 times the salary of anyone under the age of 40 and 15 times the salary of anyone over the age of 40.
  • Most insurers will accept salary, regular dividends and benefits-in-kind when calculating remuneration.

Relevant life policy rules

  • The benefit, if claimed, must be paid in a single lump sum before the age of 75.
  • Any benefit must be paid into a discretionary trust.
  • Beneficiaries are normally restricted to family members and dependants.
Contact us for a free, no-obligation consultation on 01243 432 430 or email us on info@emsworth-corporate.co.uk