Put simply, Relevant Life Insurance is tax efficient life cover for company Directors and LTD company employees. It moves the cost of your Life Insurance policy from your pocket to your company expenses & the taxman - saving you money.
Watch the short video to see how it works.
You immediately save tax by the business paying the life cover premium.
It's not treated as a benefit-in-kind; the premium is not included as a P11D benefit.
Premiums are not subject to National Insurance payments for the employer or employee.
Your business can claim Corporation Tax relief on the premiums.
The benefit is payable tax free.
The benefit does not count towards your lifetime allowance for pension purposes.
If the worst happens, the sum you’re insured for could be used to help with:
Relevant Life Insurance could be used to repay your mortgage debt, leaving your family mortgage free and with no further monthly payments to manage.
Relevant Life Insurance can protect your loved ones way of life. A lump sum payment could be used to protect the lifestyle they’ve become accustomed to and safeguard your family's future standard of living.
Relevant Life Insurance can safeguard your future earning potential. If the worst happens, you can leave a multiple of your annual salary as a lump sum as a means to replace the loss of future earnings your family would have normally benefited from.
Relevant Life Expert have selected insurers who offer more than just tax efficient life cover. Speak to an adviser to learn about the extras benefits we can build into your insurance policy offer. Benefits like half price gym membership, discounts on fitness trackers, trainers, spas and sports equipment!