To provider greater death benefits above the value of the fund, members took out personal pension term assurance.

As tax relief was available on these premiums from 6^th April 2006, pensions were set up just for this purpose. Therefore 1 year later tax relief was no longer available for stand-alone pensions.

Employer payments to fund individual pension term assurance policies for an employee remain eligible for tax relief.

Employers can take out a similar policy for providers members with death benefits such as 2 times pensionable salary.