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Guides

Guides for directors

Understanding relevant life insurance

  • Relevant life vs personal life insurance
  • How to set up relevant life insurance
  • Who can take out a relevant life policy?
  • Can you include critical illness cover?
  • Can you have more than one relevant life policy in place?
  • What happens if you leave your company?
  • Trusts and relevant life policies

Tax and HMRC rules

  • Is relevant life a business expense?
  • Tax benefits of relevant life
  • HMRC rules for excepted group life policies
  • Relevant life and Inheritance Tax (IHT) planning
  • Can salary + dividends be used as proof of income?

Practical situations and examples

  • How much does relevant life insurance cost?
  • Taking out a policy if profits are low or uncertain
  • Relevant life vs key person cover
  • Relevant life cover for doctors, locums and consultants
  • Relevant life insurance for IT contractors
  • Life cover for dentists via a limited company
  • Life insurance for limited company surveyors
  • Life insurance for architects (via limited company)
  • Relevant life cover for engineering contractors
  • Frequently Asked Questions (FAQ)

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    The information on this site is for general guidance only and does not constitute financial advice. Quotes are arranged by Broadbench Ltd, authorised and regulated by the FCA (No. 590288). For advice on whether a policy is suitable for your circumstances, please speak to a regulated adviser.

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