Relevant Life

Regardless of whether you run a large company or a small business, as a company director a relevant life policy can provide you with tax benefits.

If you have personal life assurance in place, providing for your family should anything happen to you, then a relevant life policy offers individual ‘death in service’ benefits with no tax to be paid on premiums.

The policy works by setting up a discretionary trust that complies with current legislation, ensuring that you and your employees can elect who the benefits are paid to ie your family.

To find out the ins and outs of a relevant life scheme, we recommend that you give Eclipse a call so that one of our advisers can talk you through the process and the benefits that result from such a scheme.