Life insurance for you

Make sure that if the unexpected happens, finances are the last thing you have to worry about. Give yourself and your family peace of mind with a review of your existing cover and fill any gaps where they are identified. 


Life Cover - Protects your dependents from any financial hardship during what will be a very difficult time emotionally.

Critical Illness - Pays a tax free lump sum on diagnosis of certain critical illnesses.

Income Protection - Pays a tax free income if you are unable to work due to accident or illness.

  

Insurance for your business


Business Protection gives your business financial help if the staff covered is affected by death, terminal or critical illness, or permanent disability during a benefit term. Income protection benefit is also available should a member of staff be unable to work due to accident or illness.


Shareholder Protection - If the co-owner of a business dies or becomes seriously ill, share purchase protection gives the remaining shareholders in the business the option of buying their shares and therefore keeping control of the business.


Key Person Protection - This is designed to offer a company a degree of financial security if a member of staff vital to its cash flow and profitability dies or is absent through ill health for a long period.


Phone: 01793 354443

Emal: neil@swindonfinancialplanning.co.uk


Relevant life cover

With a relevant life policy the benefits really do stack up.


If you’re a company director and you have life cover to protect your family, you could be paying more tax

than you need to. But with a relevant life policy...


Although the company makes the payments, they’re not treated as a benefit in kind, and so would not be included in your income tax assessments. This can be a significant saving, particularly for a higher or additional rate taxpayer.

Unlike a registered group life scheme, the benefit will not form part of your lifetime pension allowance, and premiums won’t form part of your annual pension allowance.


The payments may be an allowable expense for the company in calculating their tax liability, as long as the local inspector of taxes is satisfied they qualify under the ‘wholly and exclusively’ rules.


Who is a relevant life policy suitable for?

High-earning directors and employees who don’t want their death-in-service benefits to count towards their lifetime pension allowance.


Small companies with too few members for a group life scheme that want to provide employees and directors with tax efficient death-in-service benefits.


What next?


We'll help you identify your individual protection needs and guide you through the various types of cover available to make sure you get the right cover at the right price.


Call Neil Parker on: 01793 354443