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.