22 February 2012
Relevant life policies

Wouldn’t it be good if you could get the taxman to help pay for your life cover?

Well, with a relevant life policy you can!

A relevant life policy is a way for small businesses to offer death-in-service benefits without the need for a group life scheme, and it could give you a discount of up to 47% on your cover.

Relevant life policies offer a number of significant tax advantages:

  • The lump sum benefits don’t form part of the employee’s annual or lifetime pension allowance
  • The premiums aren’t normally taxed as a benefit in kind
  • They’re not subject to National Insurance
  • They may be treated as an allowable expense when calculating your tax liability

If you would like more information on how I can help to arrange this valuable tax concession then please contact me at:

Enquire online or call on 01274 595061 today.

 
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