It pays to care

clock

Life cover for high earners. David Pugh asks: Are senior employees and their beneficiaries at risk?

Headlines about the hardships of high earners do not garner sympathy, particularly nowadays. The fact remains though that the financial landscape is changing rapidly for this group at the moment, and employers should act quickly to protect senior staff. Whether it is the 50% income tax band for those that earn over £150,000, introduced by the Chancellor in this year’s Budget, or the 2006 (A-Day) lifetime allowance, which limits the amount individuals can accumulate in their pension, high earners seem to be penalised from almost every direction. In addition to these high profile change...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Unintended consequences: Why protection needs tech-led transformation

Unintended consequences: Why protection needs tech-led transformation

'The protection industry cannot afford to rely on legacy systems and manual processes'

Paul Yates
clock 30 October 2025 • 2 min read
Why product providers need autonomy on policy admin systems

Why product providers need autonomy on policy admin systems

What's holding providers back from achieving autonomy?

Professional Adviser
clock 17 October 2025 • 4 min read
Life cover planning: The changing landscape of protection for IHT

Life cover planning: The changing landscape of protection for IHT

'The world of protection advice is changing'

Naomi Greatorex
clock 16 September 2025 • 4 min read