Isn’t it Time the Taxman Gave You Something Back?
Relevant Life plans are the next generation of insurance that can save you up to 60% on the cost, if you’re a company director or key individual. It’s simply the most tax efficent way to provide financial security for your family.
no benefit-in-kind charge back to the company
no national insurance implications
tax-free benefits to your dependants
Get started by watching our short video >>>
We’re here when you need us, keeping things secure and ON TRACK for you, your family and your future. Don’t Leave It To Chance! Here’s how our advice puts you in the driving seat:
Independent – We give you an unbiased assessment of all insurance plans through best practice to ensure you are not mis-sold a financial product.
You Save Money – Reduce your premiums through our advice-based discounts so you achieve the best cover at the most economical cost.
Medical Disclosures – Pre or existing medical conditions can affect your premiums & covere, we ensure nothing’s missed that could leave your family penniless.
Reduced Admin & Time Hassles – By getting it right first time we ensure that the hard work is done by us, not you. You’ll feel safe in the knowledge that your insurance needs are all being expertly handled.
You simply cannot get this level of service and expertise via a price comparison site.
Fill in our form to start your Free Insurance Review
Expert Impartial Advice & A Free Consultation With No Obligation
We compare all the UK’s leading insurers – Here is a few you might recognise
Let the TAXMAN Pay For Your Life Cover – Here’s How
We’ve used an example of £1,000 a year for the life cover on an employee who is paying income tax at 40% and employee’s National Insurance at 2% (on top end of income). We’ve also assumed for this example that the employer is paying corporation tax of 20% (the small profits rate) and will pay employer’s National Insurance of 13.8% (the contracted-in rate).
Benefits for you
Available to companies of all sizes and on an individual basis, a Relevant Life Policy can help you:
-
Attract and retain the best staff
-
Reward your best people with great benefits
-
Make up to 60% tax savings on gross premiums when compared to a traditional Life Cover Policy – a tax-efficient way for you to arrange Life Cover for an employee
Benefits for your employees
A Relevant Life Policy also has many benefits for your employees:
-
Like a ‘death in service’ benefit, it’ll pay an employee’s family a lump sum if they die during their employment.
- It doesn’t count as a retirement benefit so it won’t affect their Lifetime Pension Allowance
-
If they leave the company, we’ll make it easy for them to take out their own policy with us – so they can ensure their cover continues.
Fast Facts For Relevant Life Insurance
- What is Relevant Life Insurance
- Who Qaulifies for Relevant Life Coveri
- How Does Relevant Life Work
- Relevant Life Insurance Trusts
Relevant life policies are non-registered single life death in service policies, which provide a lump sum benefit on the death of an employee outside of a registered group life scheme.Stand-alone single life relevant life policies are an alternative way for directors to obtain tax efficient death in service benefits for themselves and their employees. What are the advantages?
-
The policies can be set up on a single life basis, even for a one-person limited company. The benefit will not form part of the employee’s lifetime pension allowance
-
The payments will not form part of the employee’s annual pension allowance
-
The payments employers make are not subject to Income Tax or National Insurance because they are not normally assessable on the employee as a benefit in kind
-
These payments can be treated as an allowable expense for the employer in calculating their tax liability, as long as the local inspector of taxes is satisfied they qualify under the ‘wholly and exclusively’ rules.
In most cases the benefits are paid free of Inheritance Tax – provided the benefits are payable through a discretionary trust.
- Small businesses that do not have enough eligible employees to warrant a group life scheme. This could include a one-person company
- High-earning employees or directors who have substantial pension funds and do not want their benefits to form part of their lifetime allowance
- Members of group life schemes who want to top up their benefits beyond the scheme rulesThey are not suitable for the self-employed, equity partners or members of limited liability partnerships, although their employed staff could be covered.Are there any restrictions?The policies must:
- Only provide for a lump sum death benefit payable before the age of 75
- Only be payable to an individual or charity.The policies must not:
- Provide any other benefit
- Be capable of having a surrender value
- Be used mainly for the purpose of tax avoidance
Relevant life policy trusts
A relevant life policy needs to be set up in trust . As the planshould not start until the trust form has been completed and accepted by the insurer
If the plan is placed in trust at a later date, once the plan has started, there may be a Capital Gains Tax liability in the event of a claim being paid.
The trust also demonstrates that the plan proceeds will be payable to individuals (the employee’s dependants) which is one of the legislative requirements to qualify as a relevant life policy.
The employer (as the settlor of the trust, known as the Principal Employer) will be a trustee. An additional trustee must be added to act with the employer. If the employee is to be the additional trustee,a further additional trustee should also be added to ensure that there would be two trustees available to act in the event of the employee’s death.
In addition to our administrative requirement that an additional trustee must be added when the trust is created, the trust requires there to be at least two trustees at all times, unless a corporate body is a trustee. An additional trustee may be a family member of the employee, such as a spouse, or perhaps an independent trustee, such as a solicitor.
The employee has power under the trust to change the trustees. Benefits are paid at the discretion of the trustees, who will decide which discretionary beneficiaries receive funds, when to pay and what amounts. It is possible for the employee to guide the trustees in their decision making and a nomination form is included in the trust to enable the employee to express their wishes. The nomination form does not bind the trustees, though it will usually be followed by them in making their decision.
Beneficiaries
: The trust includes a wide class of potential beneficiaries, known as discretionary beneficiaries. This includes the employee’s spouse, children and grandchildren.
The employee is also included as a discretionary beneficiary, to allow the trustees to assign the plan to the employee if he leaves the business. It is not recommended that the employer or a co-shareholder be added as a discretionary beneficiary (unless they are also a spouse or civil partner) as this may compromise the tax benefits of the plan.
75 Comments
www.lm360.us
(October 7, 2020 - 9:39 am)http://www.lm360.us
Relevant Life Plan – Investoo – The London Investor
price sildenafil walmart pharmacy
(December 15, 2020 - 11:18 am)price sildenafil walmart pharmacy
Relevant Life Plan – Investoo – The London Investor
https://amstyles.com/
(December 16, 2020 - 10:46 am)https://amstyles.com/
Relevant Life Plan – Investoo – The London Investor
hydroxychloroquine cost without insurance
(December 17, 2020 - 1:45 am)hydroxychloroquine cost without insurance
Relevant Life Plan – Investoo – The London Investor
how to use dapoxetine citrate
(December 20, 2020 - 11:01 pm)how to use dapoxetine citrate
Relevant Life Plan – Investoo – The London Investor
tadalafil 10mg price
(December 21, 2020 - 4:44 pm)tadalafil 10mg price
Relevant Life Plan – Investoo – The London Investor
online pharmacy cialis
(December 22, 2020 - 7:11 am)online pharmacy cialis
Relevant Life Plan – Investoo – The London Investor
pain dr near me
(December 24, 2020 - 5:55 am)pain dr near me
Relevant Life Plan – Investoo – The London Investor
is sildenafil safe for women
(December 24, 2020 - 5:22 pm)is sildenafil safe for women
Relevant Life Plan – Investoo – The London Investor
vidalista from canada
(December 27, 2020 - 12:39 am)vidalista from canada
Relevant Life Plan – Investoo – The London Investor
ivermectin and doxycycline heartworm treatment
(December 27, 2020 - 7:19 am)ivermectin and doxycycline heartworm treatment
Relevant Life Plan – Investoo – The London Investor
oral ivermectin for lice
(January 1, 2021 - 11:49 am)oral ivermectin for lice
Relevant Life Plan – Investoo – The London Investor
tadalafil 2.5 mg tablets india
(January 2, 2021 - 8:39 am)tadalafil 2.5 mg tablets india
Relevant Life Plan – Investoo – The London Investor
walmart pharmacy cialis price
(January 2, 2021 - 11:16 am)walmart pharmacy cialis price
Relevant Life Plan – Investoo – The London Investor
tamoxifen package insert
(January 4, 2021 - 6:23 am)tamoxifen package insert
Relevant Life Plan – Investoo – The London Investor
cost of vidalista
(January 5, 2021 - 8:15 am)cost of vidalista
Relevant Life Plan – Investoo – The London Investor
vidalista effectiveness curve
(January 7, 2021 - 4:28 am)vidalista effectiveness curve
Relevant Life Plan – Investoo – The London Investor
what if a girl took viagra
(January 9, 2021 - 7:25 pm)what if a girl took viagra
Relevant Life Plan – Investoo – The London Investor
doctor visit online for free
(January 12, 2021 - 12:44 am)doctor visit online for free
Relevant Life Plan – Investoo – The London Investor
cefixime generation cephalosporin
(January 14, 2021 - 2:40 am)cefixime generation cephalosporin
Relevant Life Plan – Investoo – The London Investor
hydroxychloroquine 200mg coupons
(January 19, 2021 - 1:46 pm)hydroxychloroquine 200mg coupons
Relevant Life Plan – Investoo – The London Investor
aurogra how long to work
(January 23, 2021 - 9:04 pm)aurogra how long to work
Relevant Life Plan – Investoo – The London Investor
vidalista without a doctor prescription canada
(January 24, 2021 - 9:05 am)vidalista without a doctor prescription canada
Relevant Life Plan – Investoo – The London Investor
stromectol pills
(January 27, 2021 - 8:26 pm)stromectol pills
Relevant Life Plan – Investoo – The London Investor
how is hydroxychloroquine made
(January 30, 2021 - 4:22 am)how is hydroxychloroquine made
Relevant Life Plan – Investoo – The London Investor
cialis without a doctor prescription usa
(February 1, 2021 - 10:20 pm)cialis without a doctor prescription usa
Relevant Life Plan – Investoo – The London Investor
buy cheap cialis 20mg online
(February 2, 2021 - 10:29 pm)buy cheap cialis 20mg online
Relevant Life Plan – Investoo – The London Investor
azithromycin without a doctor 20 mg
(February 6, 2021 - 11:46 pm)azithromycin without a doctor 20 mg
Relevant Life Plan – Investoo – The London Investor
generic sildenafil
(February 8, 2021 - 1:28 am)generic sildenafil
Relevant Life Plan – Investoo – The London Investor
amoxicillin dose ear infection child
(February 13, 2021 - 3:12 am)amoxicillin dose ear infection child
Relevant Life Plan – Investoo – The London Investor
buy cialis online
(February 13, 2021 - 4:46 am)buy cialis online
Relevant Life Plan – Investoo – The London Investor
tadalafil soft gel
(February 13, 2021 - 7:14 am)tadalafil soft gel
Relevant Life Plan – Investoo – The London Investor
what states allow hydroxychloroquine
(February 16, 2021 - 7:22 am)what states allow hydroxychloroquine
Relevant Life Plan – Investoo – The London Investor
viagra without a doctor prescription usa
(February 16, 2021 - 10:59 am)viagra without a doctor prescription usa
Relevant Life Plan – Investoo – The London Investor
tadalafil without doctor prescription
(February 16, 2021 - 7:40 pm)tadalafil without doctor prescription
Relevant Life Plan – Investoo – The London Investor
cialis vs viagra sales
(February 17, 2021 - 5:15 am)cialis vs viagra sales
Relevant Life Plan – Investoo – The London Investor
does generic viagra work the same
(February 18, 2021 - 3:32 am)does generic viagra work the same
Relevant Life Plan – Investoo – The London Investor
generic cialis for sale in canada
(February 20, 2021 - 2:58 am)generic cialis for sale in canada
Relevant Life Plan – Investoo – The London Investor
over the counter viagra
(February 20, 2021 - 5:13 am)over the counter viagra
Relevant Life Plan – Investoo – The London Investor
viagra without prescription
(February 20, 2021 - 3:00 pm)viagra without prescription
Relevant Life Plan – Investoo – The London Investor
webmd cialis
(February 20, 2021 - 10:07 pm)webmd cialis
Relevant Life Plan – Investoo – The London Investor
generic priligy best prices
(February 22, 2021 - 12:00 pm)generic priligy best prices
Relevant Life Plan – Investoo – The London Investor
cnn hydroxychloroquine tweet
(February 24, 2021 - 8:33 pm)cnn hydroxychloroquine tweet
Relevant Life Plan – Investoo – The London Investor
hydroxychloroquine order amazon
(February 26, 2021 - 5:32 pm)hydroxychloroquine order amazon
Relevant Life Plan – Investoo – The London Investor
generic cialis lowest price
(February 27, 2021 - 10:54 am)generic cialis lowest price
Relevant Life Plan – Investoo – The London Investor
hydroxychloroquine generic name
(February 28, 2021 - 1:13 pm)hydroxychloroquine generic name
Relevant Life Plan – Investoo – The London Investor
hydroxychloroquine in canada
(March 1, 2021 - 5:22 pm)hydroxychloroquine in canada
Relevant Life Plan – Investoo – The London Investor
cialis dose for erectile dysfunction
(March 4, 2021 - 7:48 pm)cialis dose for erectile dysfunction
Relevant Life Plan – Investoo – The London Investor
best india generic sildenafil
(March 5, 2021 - 5:37 pm)best india generic sildenafil
Relevant Life Plan – Investoo – The London Investor
albuterol mayo clinic
(March 7, 2021 - 2:35 am)albuterol mayo clinic
Relevant Life Plan – Investoo – The London Investor
priligy dapoxetine
(March 7, 2021 - 4:47 pm)priligy dapoxetine
Relevant Life Plan – Investoo – The London Investor
aurogra sildenafil 100 mg
(March 8, 2021 - 10:28 pm)aurogra sildenafil 100 mg
Relevant Life Plan – Investoo – The London Investor
samples of sildenafil 100mg
(March 12, 2021 - 7:02 am)samples of sildenafil 100mg
Relevant Life Plan – Investoo – The London Investor
good rx sildenafil 100 mg
(March 12, 2021 - 10:46 am)good rx sildenafil 100 mg
Relevant Life Plan – Investoo – The London Investor
does aurogra work as well as sildenafil
(March 14, 2021 - 1:19 am)does aurogra work as well as sildenafil
Relevant Life Plan – Investoo – The London Investor
generic cialis without prescription
(March 16, 2021 - 11:38 am)generic cialis without prescription
Relevant Life Plan – Investoo – The London Investor
bactrim dosage for staph infection
(March 19, 2021 - 6:43 am)bactrim dosage for staph infection
Relevant Life Plan – Investoo – The London Investor
cipro coverage
(March 20, 2021 - 8:38 pm)cipro coverage
Relevant Life Plan – Investoo – The London Investor
generic cialis singapore
(April 16, 2021 - 11:15 am)generic cialis singapore
Relevant Life Plan – Investoo – The London Investor
where to order cialis in canada
(April 18, 2021 - 12:09 pm)where to order cialis in canada
Relevant Life Plan – Investoo – The London Investor
prednisone 10mg pack instructions
(April 30, 2021 - 2:49 pm)prednisone 10mg pack instructions
Relevant Life Plan – Investoo – The London Investor
cialis online preion usa
(April 30, 2021 - 11:10 pm)cialis online preion usa
Relevant Life Plan – Investoo – The London Investor
hydroxychloroquine coronavirus study results
(May 2, 2021 - 10:57 am)hydroxychloroquine coronavirus study results
Relevant Life Plan – Investoo – The London Investor
viagra with dapoxetine
(May 3, 2021 - 8:02 am)viagra with dapoxetine
Relevant Life Plan – Investoo – The London Investor
cialis pills india
(May 10, 2021 - 9:30 pm)cialis pills india
Relevant Life Plan – Investoo – The London Investor
prof amoxicillin professional amoxicillin
(May 15, 2021 - 6:13 pm)prof amoxicillin professional amoxicillin
Relevant Life Plan – Investoo – The London Investor
vidalista 60 mg for sale
(May 17, 2021 - 6:32 pm)vidalista 60 mg for sale
Relevant Life Plan – Investoo – The London Investor
augmentin otc stocks
(May 19, 2021 - 9:41 pm)augmentin otc stocks
Relevant Life Plan – Investoo – The London Investor
where to purchase hydroxychloroquine
(May 24, 2021 - 1:13 am)where to purchase hydroxychloroquine
Relevant Life Plan – Investoo – The London Investor
generic careprost over counter
(May 28, 2021 - 1:18 pm)generic careprost over counter
Relevant Life Plan – Investoo – The London Investor
40 mg cialis
(June 18, 2021 - 12:21 am)40 mg cialis
40 mg cialis
sildenafil rx coupon
(June 18, 2021 - 12:33 pm)sildenafil rx coupon
sildenafil rx coupon
cialis review
(June 19, 2021 - 4:42 pm)cialis review
cialis review
cialis for women
(June 19, 2021 - 7:25 pm)cialis for women
cialis for women
interactions for viagra
(June 19, 2021 - 10:40 pm)interactions for viagra
interactions for viagra
Comments are closed.