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"Why Company Directors Choose Relevant Life Insurance"
✅ Tax Benefits: Reduce the cost of insurance by having premiums paid through your business.
✅ Family Protection: Ensure your loved ones are protected in case the unexpected happens.
✅ Written in Trust: Ensures faster, tax-free payouts to your chosen beneficiaries.
✅ Affordable Coverage: Tax relief makes it more affordable than traditional life insurance.
"Benefits of Relevant Life Insurance for You and Your Business"
✅ Up to 25% Corporation Tax Relief
✅ No employer or employee National Insurance
✅ No Income Tax
✅ No Benefit in Kind Tax
✅ Typically save between 40% and 66%
✅ Significant savings to be made compared to personal life insurance
✅ Written in Trust to to plan against Inheritance Tax
HOW DOES IT WORK?
The employer/ business takes out the plan on the life of an employee or director. The plan can be written to a maximum age of 75 and can contain flexible continuation options should an employee or director leave employment.
Generous sums assured are available (subject to criteria) and the plan is set up from outset in a specific discretionary trust, called a Relevant Life Plan Trust.
This ensures the proceeds do not fall into the estate of the deceased, thereby ensuring much quicker access to funds and also ensures the proceeds are paid free of Tax.
TAX EFFICIENT
TAX-DEDUCTIBLE
TAX FREE
CUSTOMER REVIEWS
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"Relevant Life Cover allows employers to offer a death-in-service benefit to individual employees. It’s a tax-efficient, stand alone, single life insurance policy, set up and paid for by the employer. The proceeds are paid tax-free via a discretionary trust on death (or diagnosis of a terminal illness), for the benefit of employees' and directors' dependents".
If you're a Director who's paying for your life insurance from your personal income:
You could benefit by switching to a Relevant Life Insurance Plan provided by your limited company.
Key benefits
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Premiums paid by the company are treated as a business expense for tax purposes
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The premiums paid are not treated as a benefit in kind or otherwise taxable on the life assured
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The premiums paid do not count as part of the employees annual allowance (for pension)
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Premiums are not subject to employer or employee national insurance contributions
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Any benefit payments are free of income tax
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The death benefit does not form part of the your estate for IHT purposes
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The maximum amount of cover available is normally £10 million
We are authorised and regulated by the (FCA). The Financial Conduct Authority (FCA) regulates the financial services industry in the UK
Address
167-169 Great Portland Street 5th Floor London W1W 5PF