Our Company

6 The Old Quarry, Nene Valley Business Park, Oundle, Northamptonshire, PE8 4HN

T: 01832 734047

T: 0330 043 4321

E: enquiries@candd.uk.com

 

C & D Specialist Insurance is a trading style of C&D Group Holdings (UK) Ltd (the new re-branded name for Cozens & Dean Financial Services Ltd) which is authorised and regulated by the Financial Conduct Authority Registered in England 781580.

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Registered in England & Wales No. 8271821. Registered address: Bank Chambers,
27a Market Place, Market Deeping, Peterborough, Cambridgeshire, England, PE6 8EA

©2019 by C&D

LIFE INSURANCE ON EXPENSES

RELEVANT LIFE INSURANCE

RELEVANT LIFE INSURANCE

If you own or work for a limited company, you can now pay for your life & employee significant illness cover through your company as an ‘allowable business expense’ which means it can be up to 50% cheaper than conventional life insurance policies.

Tax treatment varies according to individual circumstances and is subject to change.

ADDED PEACE OF MIND TAX FREE

A Relevant Life Plan offers some very special advantages to directors and employees of small businesses, most notably tax efficiency. Whilst the cover is personal to you and your employees, the policy will count as a business expense so it’s tax deductible and does not count towards annual or lifetime pension allowances.

HERE’S HOW YOU SAVE;

  • The limited company pays for your life insurance premiums – not you

  • The premiums are not classed as a benefit-in-kind or a P11D benefit

  • You and the limited company do not have any National Insurance contributions to pay

  • The limited company can claim Corporation Tax Relief on the premium payments saving 20%

  • The benefit payment does not count towards your annual or lifetime pension allowances

  • The benefit payment is paid tax free

What is a Relevant Life Plan?

An individual Death in Service life assurance policy available for employees of the company which includes directors. Your business pays the premiums based on the level of cover. If the person dies or is diagnosed with a critical illness or a terminal illness whilst in employment during the term, the plan pays a fixed, one-off lump sum.

Who can take out a Relevant Life Plan?

To be eligible for a Relevant Life Plan, the person covered must be an employee of a UK Limited business.