Relevant Life Cover
A Relevant Life plan allows company directors and staff of small Limited Companies to put in place life insurance through their company on an individual basis.
The insurance premiums are paid for by your company and are generally an allowable expense for corporation tax purposes. The premiums will not normally be treated as a benefit in kind and if you make a claim the benefit could be paid tax free.
If you are the owner or a director of a company, and you also have life insurance, you might want to think about a Relevant Life policy as an alternative for you (and some of your key employees). Our team of expert independent financial advisers can set up the protection policies to suit your personal business needs; please contact us at People and Business. Click here