Accountants
- Highly tax-efficient life cover for your Ltd company clients
- Life cover premiums treated as an expense
- Available to all Directors & Employees
Working with Accountants across the UK to protect their clients.
Most of your clients will be paying their life insurance premiums from their personal funds.
There’s a much better way.
Relevant Life insurance can be far more tax efficient. Read below to find out why.
We’re passionate about what we do because it just makes perfect sense.
Contact us today for your free guide and details of our Partner Programme.
WHAT IS RELEVANT LIFE COVER?
Simply put, it’s tax-deductible Life insurance for small Limited companies. The monthly premiums are treated as an expense.
- Relevant life plans were created under the 2006 pension simplification legislation
The cover can be taken out on Directors and Employees of a Limited company.
It’s the small-company equivalent of a Death-in-Service benefit.
The Life benefit pays into Trust and is then made available to the employees’ spouse, children etc. We write all the cover in Trust which ensures that any benefits are paid free of Inheritance Tax.
HOW DO REFERRALS WORK?
We value building long term relationships with Chartered Accountants such as yourself. Join our free Partner Programme and your business clients can benefit from all the Protection advice they need, at any time.
Does your client know about Relevant Life Insurance? Might they or their family benefit from highly tax-efficient life cover? Contact us using the form below and we’ll send you details of our Partner Programme including a client brochure which you can use.
CAN MY CLIENT’S PERSONAL LIFE COVER BE REPLACED WITH THIS
TAX-EFFICIENT ONE?
Absolutely! We find that once small business owners realise how tax-efficient it is for their company to pay the monthly premiums instead of coming from their personal income, they will often want to set this up as an expense through their company instead.
WHO CAN HAVE TAX-DECUCTIBLE LIFE INSURANCE?
This cover can be put in place for all Directors and Employees of a business as long as there is an Employer-Employee relationship.
The company benefits from:
- Corporation Tax relief on the policy payments
- No Employer/Employee National Insurance on the policy payments
- The policy payments are not taxed as a benefit-in-kind
Is cover available for Sole Traders, Partnerships and LLPs?
- Key Person cover
- Income Protection
- Shareholder and Partnership Protection
- Loan Protection
- Critical Illness cover
- Group Life, Group Critical Illness & Group Income Protection for companies >3 people
We work with a panel of leading insurers to procure excellent rates for your client's cover.
Key Features
- Highly tax-efficient life cover for your Ltd company clients
- Life cover premiums treated as an expense
- Available to all Directors & Employees
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