I work in Belgium but am employed by a British company. If I die while working with them, my family get 3x my salary as a lump sum.
In England this isn't taxed, and Belgium don't seem to have an equivalent type of payment.
It's paid by my employer to my family, so isn't considered inheritance as it is never part of my estate.
Does anyone have experience/knowledge with/of this?
I've spoken to my accountant but she isn't sure either.
Would my family have to declare it? Anyone know which code it would be best to put it under?
Thanks