Pensions are a huge benefit of being a contractor. You may have [...]
Employers (Ltd companies) can choose an executive income protection policy to sit alongside their employees’ relevant life policy. This will allow the employer to continue paying a salary to their ill or injured employees while they’re unable to work, aiding their recovery. This could also provide tax benefits:
|Type||Cover||Term||Monthly Cost||Corporation Tax Relief||Tax Adjusted Total Cost to The Business|
|Income Protection||£2456 per month (after 8 weeks)||Age 60||£89.88||19%||£72.80|
If you would like help with your Executive Income Protection, please do get in touch and one of our protection specialists would be more than happy to help.