Can the tax man help pay for your life cover?

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17 Sep 2013

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.

Relevant life policies are a way of providing death-in-service benefits on an individual basis no matter how small your business is.

What are the benefits?

Who are relevant life policies suitable for?

What is the maximum amount of cover under a relevant life policy?

Are there any limits to the cover I have?

The legislation does have some limits to qualify for the tax concessions, and to ensure these are met:

What are the advantages of using a discretionary trust?

We are pleased to announce that out IFA partner, SWC Independent Ltd, have expertise in this area and if you would like us to arrange an appointment for and SWC adviser, please contact us here or email info@cloudaccountingco.com and someone will contact you straight away.