Get the taxman to help pay for cover.
Relevant life policies
A relevant life policy is an alternative way of providing a lump sum on death for an individual. These policies can benefit , directors, senior employees and any employer where a group life plan is not appropriate.
Why a relevant life policy?
A relevant life policy is an alternative way of providing a lump sum on death for an individual. These policies can benefit , directors, senior employees and any employer where a group life plan is not appropriate.
Why a relevant life policy?
- Under current legislation, potential tax benefits for employers and employees
- The employer pays the premiums
- Under current legislation, premiums are not normally taxed as benefits in kind
Information regarding taxation levels and basis of reliefs are dependent on current legislation, individual circumstances are not guaranteed and may be subject to change.