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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.

For insurance business we offer products from a choice of insurers.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.