In addition, executive directors may receive other benefits that are judged to
be cost effective and prudent in terms of the individual’s time and/or
security. These include car-related benefits, security assistance, tax
preparation assistance, insurance and medical benefits. The costs of these
are treated as taxable benefits to the individuals and are included in the
single figure table of the annual report on remuneration. The company would
meet any tax charges arising in respect of benefits provided to directors that
it considers relate to its business (for example security assistance).
The committee expects to maintain benefits at their current level for the
duration of this policy but notes that the taxable value may fluctuate
depending on, amongst other things, insurance premiums, and a director’s
personal circumstances