Tax Efficient Life Insurance

Life Insurance Quotes For Contractors & Business Owners

Standard Life Insurance

Annual Premium £1000

Employee Tax:
National Insurance contribution (assuming 2%): £34.44
Income Tax (assuming 40%): £689.64

Employer Tax:
National Insurance contribution (assuming 13.8%): £237.96
Less Corporation Tax (assuming 19%): -£372.84

Total Cost: £1,589.20

Relevant Life Insurance

Annual Premium £1000

Employee Tax:
National Insurance contribution: 0
Income Tax: 0

Employer Tax:
National Insurance contribution: 0
Less Corporation Tax: -£189.96

Total Cost: £810.04

A SAVING OF £779.16, WHICH IS ALMOST 50%
This example is provided for illustration purposes.

Are You Missing Out?

If you are a contractor with a limited company or a small business owner the chances are you are paying too much for your life insurance.

A relevant life insurance plan is a business expense paid for by the limited company reducing your corporation tax bill.

Calculate How Much Better Off You Will Be

Monthly Premium help (Please enter a valid amount)



Actual Monthly Cost of Your Cover
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Personal Net Payment ()
What you have to earn gross including tax to pay the premium ()
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Personal Net Payment ()
What you have to earn gross including tax to pay the premium ()

Benefits

Tax Relief

The limited company pays the premiums and can claim corporation tax relief on the monthly payments saving 19%.

Company Paid Premiums

The limited company pays for your life insurance premiums – not you.

No National Insurance Contribution

No national insurance contribution paid by you, or the company.

Up to 50% Cheaper

Comprehensive cover that you and your family can benefit from but cheaper than conventional policies.

Not A Benefit In Kind

The premiums are not classed as a benefit-in-kind or P11D benefit.

Complete Protection

For you, your family and your business.