13/03/2025
Company Directors: Are You Paying for Your Life Insurance the Hard Way?
If you’re a company director paying for a personal life insurance policy out of your post-tax income, you might be spending far more than you need to—and missing out on significant tax efficiencies.
Here’s the problem:
❌ Personal life insurance isn’t tax-efficient – You pay premiums from your own pocket, after income tax and National Insurance.
❌ No corporation tax relief – Your business can’t claim tax relief on the premiums.
❌ Inheritance tax risk – If your policy isn’t in trust, the payout could be subject to inheritance tax, reducing what your loved ones receive.
Now, imagine a smarter alternative: a Relevant Life Plan.
✅ Tax-efficient – Your company pays the premiums as a business expense, with no impact on your income tax or National Insurance.
✅ Corporation tax relief – Premiums are deductible, reducing your business tax bill.
✅ No benefit-in-kind charge – Unlike other company-paid insurance, there’s no additional tax burden on you personally.
✅ Trust protection – The policy is written in trust, ensuring the payout goes directly to your beneficiaries, outside of your estate and free from inheritance tax.
In short, a Relevant Life Plan helps you protect your loved ones more efficiently and cost-effectively than a personal plan.
💡 Want to see how much you could save while securing better protection? Drop me a message, and let’s explore the best solution for you.
