Finance and Tax: Is your life cover relevant?

umbrellasAll too often business owners are missing out on the tax relief available to their limited company that can be achieved with a relevant life plan for themselves or for employees, as opposed to private personal life cover.

The premiums are paid for by the company and are allowable for corporation tax relief at 20 per cent. Plus unlike death in service can be offered on an individual basis. Without any further income tax or national insurance it makes sense for your business.

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