Get a Relevant Life Insurance quote
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- Get your quotes by filling in one simple form, compare prices, and find the cover you want.
- Tax efficient business-owned life insurance to protect those that matter.
- Deduct the premiums from your companies corporation tax liability.
- Free & impartial quotes from Right Plan Financial Services ltd.
See if you could save money and compare cheap Relevant Life Insurance today.
If you own a business and are concerned about making sure you, your business, your family and even your employee’s are covered should the worst happen then you should consider a Relevant Life Insurance plan. This type of plan is widely overlooked by many but is a great tax efficient way of insuring a life that’s important your company.
Relevant life Cover is taken out by employers to provide death in service benefits for employees. They are stand-alone single life plans which cover individuals who require cover beyond a main company scheme – and are often used in small businesses, where there are too few employees to invest in a company group plan.
This sort of cover is seen as a tax efficient way for an employer to pay life insurance benefits, rather than employees paying into their own policies. The company makes the payments as an allowable deduction and they are not treated as a benefit in kind, meaning payments are treated as a business expense. This has benefits for both employer and employee, as it means payments can be an allowable deduction against Corporation Tax.
Who benefits from a relevant life policy?
A relevant life policy has particular benefits for high earning employees with large pension funds, although it can be suitable for any staff member. For high earners, lump sum benefits don’t form a portion of lifetime or annual pension allowances, and they are not taxed as a benefit in kind. This means higher rate tax payers can make substantial savings.
So how does it work?
With so many different policies available on the market it’s important to get the right one. By completing the simple form an FCA registered representative of Right Plan Financial Services Ltd will be in contact with suitable quotes based on your requirements for you to review without obligation.
What am I charged?
If you’re wondering how much the comparison service costs, you don’t have to. You’re not charged a penny. So why wait? Get a quote today and see if you could be saving.
This page is operated by Right Plan Financial Services Ltd. Right Plan Financial Services Ltd is an appointed representative of Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Intrinsic Mortgage Planning Limited is entered on the FCA Register (http://www.fca.org.uk/register) under reference 440718. Right Plan Financial Services Ltd, Registered in England and Wales 8811210, Botley Mills, Mill Hill, Botley SO30 2GB.