Any employee of a business can have Relevant Life Insurance arranged by their employer.
An employer can include:
Those who can have Relevant Life Insurance include:
However, not everyone can have a Relevant Life Insurance policy. Those ineligible include:
Also, Relevant life policies can only be single life policies, so you can’t include a spouse.
Relevant Life Insurance is an incredibly tax-efficient way to arrange life cover. This is compared to paying for premiums out of your net (post-tax) income.
This has two main benefits:
Moreover, thanks to the trust structure set up alongside the policy, the payout is typically free from inheritance tax.
If you would like any more information about relevant life insurance please see our Relevant Life guide. Alternatively, contact one of our team of advisers on 02084327333.