Relevant Life Cover is a tax-efficient life insurance policy, allowing companies to offer a death-in-service benefit to its employees (including salaried directors). It's set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee's family or financial dependants.

Relevant life might benefit:

  • Businesses too small for a group life scheme

  • High-earning employees who might exceed their personal pension lifetime allowance. Claims paid under Relevant Life Cover don't count towards a person's lifetime allowance unlike group life schemes

Cover features:

  • Counts as a tax-deductible business expense

  • The premiums are paid monthly

  • Guaranteed premiums

  • Benefits usually free from inheritance tax

Life View Financial Planning is a trading name of Financial Solutions Group Limited, an appointed representative of Prydis Wealth Limited, which is authorised and regulated by the Financial Conduct Authority, Registration Number 432014 

Life View Financial Planning, Registered in England/Scotland/Wales No. 12668684

Registered Office:

2B Haddo Street,

Greenwich,  London, SE10 9RN

© 2019 Roy Dravid