Relevant Life Cover

Relevant life policies are paid for by your company and the premiums can be counted as an allowable business expense.

This means that premiums paid will usually qualify for relief on Corporation Tax,  Income Tax and National Insurance. Also the benefits are;

• Paid TAX FREE to the nominated beneficiaries
• Paid free of Inheritance Tax (in some circumstances there may be a periodic charge on the trust)
• Paid would not count towards a lifetime allowance for pensions

Relevant Life Insurance Policies are; 

For you if you are a company director employed by your company and/or for your employees.

Available to companies of any size from just one employee. Other schemes are usually only available to companies of over 5 employees

Especially beneficial for high earners with large pension pots as other death in service benefits can take them over the Lifetime Pension Allowance as the policy is Held in Trust and benefits are therefore paid free of Inheritance Tax (also avoiding probate).

Available for employees aged 17 - 73

Suitable for businesses wishing to Attract and retain the best staff