• Colin

Could you be missing out on tax-efficient Life Insurance?

Updated: Aug 9, 2019

There are 1.9 million limited companies in the UK and around 78% of these employ no more than four people.

Many are sole operators who could be in a position to take advantage of a particularly tax-efficient life insurance known as Relevant Life Cover. But, despite this type of insurance being widely available very few directors have heard of it and its potential benefits.

There are many benefits to Relevant Life Cover compared with personal cover. One of the biggest benefits is that whilst the company owns and pays for the premiums the benefit is paid to the employee’s family should the worst happen. This benefit is paid to the directors family free from tax and can be up to 15 times a director’s total remuneration in salary and dividends.

Contact Garden Wall for a holistic review of your protection needs.

Garden Wall Limited is an appointed Representative of New Leaf Distribution Ltd is authorised and regulated by the Financial Conduct Authority : FCA number 460421.

Registered in England - Company number: 11883831

© 2020 by Garden Wall

  • Black Twitter Icon
  • Instagram
  • Steemit
  • Black LinkedIn Icon