Monday, 1 November 2010

Tax Relief on Life Insurance

I am afraid this is not a very interesting subject, even by accountancy standards!!

Normal Life Insurance on behalf of a Director/Employee of a company is not tax deductible against company profits.  However, if this policy is a "Death in Service Policy", it can be tax deductible.  These are normally set up as 4 times salary (this can be set to include dividends, if required)

If you are considering Life Insurance, you may want to consider this option.

If you want more details, please contact me at richard@stilwellgray.co.uk and I can let you have more details.

Regards.
Richard Stilwell

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