Relevant Life Insurance

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How can Relevant Life Insurance help your business?

As a salaried Company Director, you can pay for life cover, death in service, through your business as a business expense. The benefit of this is that you will save tax and National Insurance on the premiums as they are paid from the business rather than your net income.

This type of plan is a useful way of taking life assurance for family protection as the plan would be written in trust for your beneficiaries and therefore on claim the proceeds would not form part of your estate on death.

You can have any amount of cover between 1 x and 30 x income or a set amount. The policy can have a term to your anticipated retirement age or a maximum age of 75.

Why should I get Relevant Life Insurance?

Should you stop trading your business the policy can be assigned to you and you can continue to pay the premiums on a personal basis. This way you do not lose the cover and the premium will not change.

Six reasons why Relevant Life Insurance can save you tax.

You instantly save tax by the business paying the life cover premium
It is not treated as a benefit-in-kind, the premium is not included as a P11D benefit
Premiums are not subject to National Insurance for the employer or employee
Your business can claim Corporation Tax relief on the premiums
Because it is placed in trust the benefit is payable tax free
The benefit does not count towards your lifetime allowance for pension purposes

Clever Mortgages is now part of Oak Mortgages Limited.

Don’t worry, you’ll still be looked after by the same friendly, experienced team you know and trust. We’re here to guide you every step of the way on your mortgage journey.

👉 Discover more about us at www.oakmortgages.co.uk or see what our happy clients are saying on Google Reviews.

      EXCELLENT  
   Based on 85 reviews 
    
 
 
 
   
 
 
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   sunday ifenkwe 
 
 
 
 Trustindex verifies that the original source of the review is Google. They were very very professional and always willing and ready to respond to all my queries, guided me through this process simlessly.  I am happy I used their services.
I will also like to give a special appreciation to Vicki Redley she was very great and an amazing individual as she guided me all through the process.
  
 
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   Ifenkwe Grace 
 
 
 
 Trustindex verifies that the original source of the review is Google. Well so far the experience with you guys has been pretty great
  
 
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   Hannah Vivian 
 
 
 
 Trustindex verifies that the original source of the review is Google. Recently had Abby as our broker, who was super friendly and made the process smooth and easy. Thank you
  
 
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   Stephen Dowding 
 
 
 
 Trustindex verifies that the original source of the review is Google. My experience of Oak Mortgages has been unfailingly amazing. Abby is WONDERFUL at her job: super-kind, expert and patient and a huge credit to the company.
  
 
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   G S 
 
 
 
 Trustindex verifies that the original source of the review is Google. From the very first contact through (what was a complex and hugely frustrating conveyancing process), to the day of completion, Oak Mortgages were the shining light that got us through.

Sarah and her team were brilliant.

They were responsive, caring, empathetic, knowledgeable, professional, and human at each and every stage.

We are so grateful that we used Sarah and Oak Mortgages and highly recommend them to anyone wanting to guarantee that authentic, trustworthy approach from professionals who care.

A top class act - 5 ⭐️⭐️⭐️⭐️⭐️
  
 
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   DOBO and the Foodies 
 
 
 
 Trustindex verifies that the original source of the review is Google. Awesome service, helped me at every step on a journey I never thought at 50 I could make! Sarah is amazing available whenever I needed her highly recommend
  
 
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   Caoimhe Clarke 
 
 
 
 Trustindex verifies that the original source of the review is Google. Thank you to Abby and the admin team at Oak Mortgages who have been fantastic in helping me secure a remortgage on my property. From my first phone call to Abby I was filled with confidence and the experience with the team was brilliant, especially when other companies involved were not so brilliant the Oak Mortgage team pulled out all the stops to make sure completion happened. I would highly recommend this company and will use their services in the future. Thank you again.
  
 
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   Lisa Zuccotti 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent company to deal with , very efficient and caring ensured all our needs where met . Highly recommended.
  
 
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   Reece Baird 
 
 
 
 Trustindex verifies that the original source of the review is Google. claire.geraghty Amazing lady, helped me all the way to the finish line! Highly recommend!
  
 
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   graham draper 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service and advice throughout the whole process making for a very straightforward experience with special thanks to Abby and Ashleigh.
  
 
  
  
 
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