We can assist you in qualifying for certain tax benefits and provide you with a life policy that can cover the directors and employees within your company. This money saving is achievable as the monthly premiums are paid for through the business, and it provides financial security to families, employees and directors in the event of a death.
If you were to leave the business, the policy would in most cases be transferred to your new employer, so you would still be able to make a claim.
Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.
WHY CHOOSE THIS?
Choosing to invest in directors life insurance as an alternative to regular life insurance can provide many benefits as no income tax or national insurance is charged to the employer or employees. By paying for the monthly premiums through the company account rather than your personal account, you are not liable for any P11D, decreasing the net costs.
Receive specialist advice from our experts in Fleetwood and find out whether you are eligible for a company director insurance plan, and how much we can save you. As the premiums are allowable as a monthly expense, they are not considered as a benefit, and you could save thousands this way.
These plans have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.