Stop Paying Personal Tax on Life Insurance
Switch to a Relevant Life Plan and let your business pay the premiums. It's 100% tax-deductible.
By switching to Relevant Life
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Common Questions
Is this HMRC approved?
Yes. Relevant Life Plans are written in a "Discretionary Trust" under current legislation (Pension Schemes Act 2014 & Income Tax Act 2003). It is a standard, legitimate business expense.
Is it a P11D Benefit in Kind?
No. Unlike Private Medical Insurance, Relevant Life premiums are not treated as a benefit in kind, so you pay no personal tax on them.
Does it affect my Pension Allowance?
No. Relevant Life plans do not count towards your Lifetime Allowance (LTA), unlike a "Death in Service" scheme associated with a group pension.
Who is the payout for?
The trust pays out directly to your chosen beneficiaries (e.g., your family) tax-free. The money does not go back into the business.