RELEVANT LIFE

If you own a limited company, you may be able to take advantage of a tax efficient way to set up life cover as a ‘death in service’ benefit so you and your staff are protected by a life insurance policy provided by the business.

A Relevant Life policy is a scheme approved by HMRC that is subscribed to by a number of insurance providers. This means that directors of limited companies are able to put a policy in place with the premiums being paid for by the business, but due to the way the scheme is structured employees do not pay any tax on the benefit, as the policies are not treated as additional income. This enables the business to cover the cost of the premiums without causing any further tax liability to staff and the cost of the premiums to the company can be treated as a business expense.

To find out more about Relevant Life policies, why not speak to one of our friendly, expert advisers who can talk you through the options available. Contact us to book your free no obligation consultation.

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The 95% Mortgage Guarantee Scheme

The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.

If you would like more information, fill in your details and one of our mortgage advisers will contact you.

 

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