Relevant Life Insurance is tax-efficient for employee, beneficiaries and the business:
- HMRC usually views the premiums as an allowable business expense for the employer and not a benefit-in-kind for the employee.
- Death benefit will normally be free of inheritance tax because the policy is written in trust.
- The employer can claim tax relief on the premiums as long as the local inspector of taxes is happy that the premiums are ‘wholly and exclusively for the purpose of trade’ as part of the employees remuneration.
Our chosen partner AIG
This range of protection products is provided by AIG. They complement us perfectly, adding choice and value to our range of products and mirroring our commitment to outstanding customer service.