Tax Efficient Life Insurance
Take advantage of tax benefits through your life insurance
If you currently pay for your life cover from your own bank account you will be paying out of post-income tax, and if you pay for it from your business account you will probably be taxed on the payment as if it was income. Larger companies avoid this tax by providing life cover for employees through a group 'death in service' life policies.
You can take advantage of the tax benefits available to larger companies by taking your life cover out through a 'relevant life policy'. These can be written on an individual basis so are available to all companies no matter how small.
To get a quote today simply call us on 01332 365 938.