What is a relevant life policy?
A Relevant Life Plan is a term assurance plan that is taken out through your very own limited company to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy. If certain legislative requirements are met, the plan can offer significant tax benefits for employer and employee.
Why are they tax efficient?
Why should I consider a Relevant Life Plan?
Typically most of the population pay for Life Assurance through their salary after deductions for tax and national insurance contributions. With many contractors operating a Limited Company, they would be eligible to offset the cost of cover now through their very own Limited Company.
Cost Comparison Example:
How do I request a quote?
Simply complete the form below and HGSL will contact you for a free no obligation quote. This does not constitute advice, merely a means to provide you with information you have requested: