Let the taxman help pay for your life cover.
There is a little known way of setting up protection for you and your family with a policy that is 100% tax deductible and benefits paid 100% tax free.
If you own a small limited company you can buy a relevant life insurance policy for yourself as a company director, meaning, the business makes the payments, not the person who’s covered.
That means you won’t pay any national insurance contributions or income tax on the premiums but you still get the benefits of corporation tax relief. And that all adds up to big tax savings.
Different from personal life insurance, the benefits will not form part of your estate as they are written in trust for your beneficiaries 100% tax free.
This type of plan is usually viewed by HMRC as an allowable business expense, all premiums and paid benefits qualify for full Income Tax relief, National Insurance relief and Corporation Tax relief.
Recommended by leading accountants, speak directly with a specialist now.
Tax treatment varies according to individual circumstances and is subject
to change.
Use the calculator below to estimate how much you could save compared to traditional life cover:
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