The Harsh Reality for Directors
📉 The Average Monthly Living Cost for a Managing Director in the UK is £2,800 – £3,500
How long would your savings last if you had to cover £3,000 per month with zero income?
Most directors would last just a few months before things start falling apart.
When savings run out, you don't want to risk:
❌ Missed mortgage or rent payments
❌ Bounced direct debits
❌ Growing debt and interest
❌ Damaged credit rating
❌ Mental health strain
❌ Risk of losing your home or business
Harvey – Events Company Owner Diagnosed with Multiple Sclerosis
Harvey, the owner of an events production company, began experiencing symptoms like numbness in his feet and eye issues in his early 30s. These symptoms led to a diagnosis of multiple sclerosis (MS). As his condition progressed, the physical demands of his job became overwhelming, ultimately forcing him to stop working. Fortunately, Harvey had an income protection policy, which provided him with financial support during this challenging time. The policy not only offered regular payments but also allowed him to engage in voluntary work, such as editing audio footage and volunteering at Glastonbury, helping him maintain a sense of purpose and normalcy.
PERFECT FOR
✅ One-man or two-man Ltd companies
✅ Owner-managed businesses
✅ Directors paid via salary & dividends
WHY DIRECTORS LOVE IT
✅ Covers up to 80% of gross income (salary + dividends)
✅ Covers overtime, bonuses and P11D benefits
✅ Corporation tax deductible
✅ No P11d tax for director or business
✅ Making it more affordable than personal income protection
✅ Can include employer pension contributions
✅ Can include employer national insurance contributions
✅ Paid directly to the business, then to you
Laura, Managing Director
“As a solo director, being off sick could have meant no income. Executive IP meant my company paid me like normal, and claimed the premiums back against corporation tax.”
Tax-efficient structure
Monthly benefit up to £20,833 (£250k/year)
Covers own occupation
Optional pension contribution cover
"We work with the top providers offering Executive Income Protection, all Defaqto 5-star rated — giving you complete peace of mind while helping you secure the best deal available."
FREQUENTLY ASKED QUESTIONS
Is income protection a P11D benefit?
Benefits are paid to the company and forwarded on to the employee through the usual PAYE system minus tax and NI. There is no tax liability to the employee on premiums and it's not classified as a P11D benefit.
How is executive income protection taxed?
Because the benefit is paid back to the company to help fund sick pay through PAYE, you can insure a higher percentage of your income (80%) in comparison to personal policies which are usually only (60%). Executive Income Protection is classed as a business expense and is therefore usually tax-deductible against corporation tax.
What does income protection not cover?
Executive Income protection will usually not cover loss of income due to an injury caused by self-harm, certain pre-existing medical conditions and the inability to work for non-medical reasons such as insolvency
We are authorised and regulated by the (FCA number 983246). The Financial Conduct Authority (FCA) regulates the financial services industry in the UK
You have the assurance that you're dealing with a fully regulated, trustworthy firm — protecting you from poor advice, hidden risks, and giving you peace of mind that your cover is arranged to the highest standards of compliance and professionalism
Address
167-169 Great Portland Street 5th Floor London W1W 5PF