Relevant Life Cover is one of the most tax-efficient ways of providing life insurance for an employee/director of a limited company.
A company director in the 40% tax bracket could make savings of up to 50% when compared to a personal life insurance because of the tax-efficiency of policy.
You can use our relevant life calculator below to work out your exact savings based on your chosen premium.
There are a number of conditions to ensure the policy passes the eligibility criteria for it’s tax status. The most important are:
Providing these conditions are met relevant life cover can be an incredibly tax-efficient term assurance. The individuals who can benefit the most include:
We are here to take the hassle out of setting up relevant life cover.
As expert advisers we will help you navigate HMRC rules. We’ll ensure you meet the eligibility criteria and will structure the policy correctly to take advantage of the available tax savings.
We started Drewberry™ because we were tired of being treated like a number.
We know that our clients give so much to their businesses. They therefore deserve first class service when it comes protecting that business and their interest in it. Here are just a few reasons why it makes sense to talk to us:
I’ve held a policy with Drewberry for several years now. They are always friendly, insightful and offer great service.