Let the taxman help pay for your life insurance

If you’re a company director and you have life assurance in place to protect your family, you could be paying more tax than you need to. Savings of up to 49% can be saved on the cost of business protection.

If you’re a company director and you have life assurance in place to protect your family, you could be paying more tax than you need to.

Relevant life policies are a way of providing death in service benefits on an individual basis no matter how small your business is.

What are the benefits?

In most cases the benefits are paid free of inheritance tax – provided the benefits are payable through a discretionary trust.

Protection insurance can’t stop the unthinkable happening, but it can make dealing with the consequences easier. Without adequate business protection you could end up risking everything you have worked so hard to achieve.

Who are relevant life policies for?

Are there any limits to the cover I can have?

The legislation does have some limits to qualify for the tax concessions, and to ensure these are met:

Protection doesn’t need to be complicated.

We make it easy.

What are the advantages of using a discretionary trust?

How do I take out a relevant life policy?

Contact Chartwell who will discuss the tax advantages and suitability with you in more depth and arrange for the appropriate documentation to be completed.