Executive Income Protection
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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: Employer benefits: Corporation tax relief (so long as the premium are wholly and exclusively for the purposes of the business). No National Insurance Contributions to pay on [...]
Relevant Life Assurance
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Have you thought about protection for your family in the event of your death? Relevant life is a life insurance policy available to employers and Limited companies to provide an individual death in service benefit for an employee/Director. It can be a very tax-efficient way for shareholder directors to take out life insurance. The following information is based on our understanding of current legislation, taxation law and HM Revenue & customs (HMRC) practice, which may [...]