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Relevant Life policies are highly tax efficient, with perhaps the most obvious savings on your company’s corporation tax. You may also want to reassess why your personal income is paying for your insurance costs. You could also be making considerable savings on personal taxation and on NI contributions.
HOW CAN YOU BENEFIT FROM RELEVANT LIFE INSURANCE?
Pay for your life insurance through your business
The life assurance will pay out to your beneficiary
Reduce your company’s corporation tax
Reduce your personal tax demands
Reduce your NI contributions
Typically no inheritance tax when placed in trust
No P11D disclosures
Relevant Life Plans are similar to most other types of life cover except they aim to provide a tax efficient benefit provided by an employer for an employee.
Please contact David Nicklin to discuss how much tax you could save.