Free business tool
Relevant life saving calculator
A relevant life policy lets your limited company pay for your life cover. Compare the company profit needed to pay the same premium personally, through salary or dividends, with a relevant life policy.
Why it saves money
A personal policy is paid from your own taxed income. A relevant life policy is paid by the company, and the premium is normally an allowable business expense with no benefit-in-kind charge, so the same cover uses much less company profit.
Important information
Cover is subject to underwriting and the terms of the policy.
The Financial Conduct Authority does not regulate tax, trust or estate planning advice. Tax treatment depends on individual circumstances and may change in the future.
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Q&A
Questions & answers
Who can have a relevant life policy?
Directors and employees of a limited company or LLP. Sole traders and traditional partners cannot.
Does relevant life cover count towards my pension allowances?
No. Payouts go through a trust to your beneficiaries and do not count towards pension lifetime limits.
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Talk to an independent financial adviser in St Albans. Call 01727 223251 or send us a message.