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Why running your Life Insurance through your business could save you thousands

Effectively a one man death in service scheme, a Relevant Life Insurance Plan can offer you the same benefits that you already have, but at a fraction of the net cost.

These plans are perfect for business owners and the self employed because they are;

- Owned by the company, but payable to your chosen beneficiary

- Corporation Tax deductible

- Not counted as a P11D Benefit

A quick look at the figures shows that you have to earn £1,851.85 to pay a £1,000 annual premium via a Personal Policy, however via a Relevant Life Policy the same £1,000 premium will cost you just £800. This is a saving of 57%, or £1,051.85 per annum. Over a 20 year term this a saving of over £21,000!

So whether you have insurance on your mortgage, or life cover for your family, now is a great time to make sure those plans are cost appropriate and cost effective.

For more information and for a free consultation, please get in touch on 0790 701 530, or gary@yrfp.co.uk

White Rose Financial Planning