Protect what matters most (and save tax doing it)
Relevant Life Cover protects your family - paid for by your business, and usually tax-deductible. A win-win when it matters most.
Protection for you (and your accountant’s approval)
What is it?
Business-funded Life Cover.
A personal Life Policy that your business pays for. If you die, it pays a lump sum to your loved ones - not your business.
Who’s it for?
Directors & employees.
Great for directors and salaried employees. Not for sole traders - but for the right setup, it’s a tax-savvy way to protect your family.
What it covers
Pays out on death.
If you pass away (or are diagnosed terminally ill), it pays a tax-free lump sum to your loved ones to help them stay afloat.
Who pays?
Your limited company.
Your business pays the premiums - not you personally. That means no Income Tax, no NI, and it’s usually a business expense.
Is it tax-efficient?
Big savings potential.
Yep - premiums are often deductible against Corporation Tax and don’t count as a benefit in kind. Nice.
How much does it cost?
Usually cheaper than personal.
Similar to normal Life Cover, but paid through your business - often with huge savings, especially for higher earners.
Same cover, just a smarter way to pay
Relevant Life is a director’s secret weapon - cutting Income Tax, NI and Corporation Tax in one move. Here’s the cost breakdown...
| Paid from | Personal Cover | Business Cover |
|---|---|---|
Monthly Premium | £100 | £100 |
Annual Premium | £1,200 | £1,200 |
Employee Inc Tax | £827.58 | £0 |
Employee NI | £41.38 | £0 |
Employer’s NI | £285.52 | £0 |
Corporation Tax | -£447.35 | -£228 |
Total Annual Cost | £1,907.13 | £972 |
Total Monthly Cost | £158.93 | £81 |
Saving Per Month
£77.93
Saving Per Year
£935.13
Total Savings
49%
*These figures are for guidance only and based on typical tax rates. Actual savings will vary depending on your income, how your business is set up, and current tax rules. It’s always best to get advice that’s tailored to you before making decisions about cover or company-paid policies.
Cover that cares - and saves you tax
Give your family peace of mind
Relevant Life Cover is like a Personal Policy - but smarter. If the worst happens, it gives your loved ones financial security, without draining your business or your personal bank account.
Get Advice 🐧
Smarter protection for directors
Why pay for Life Insurance from taxed income? Relevant Life lets you protect your family and save on tax - with no impact on your personal allowance or P11D.
Talk Business Cover 📞
Big benefits, low fuss
Relevant Life Cover keeps things simple. Easy to set up, written into trust, and designed to pay out quickly and tax-free. No waiting on probate, no extra complications - just protection that looks after your loved ones when it really counts.
Explore the Benefits 💡
Why Relevant Life Cover matters
Most directors pay for Life Cover from post-tax income. But Relevant Life flips that. It protects your family and reduces your company’s tax bill. That’s proper peace of mind - and a smart business move.
49% In Tax
Directors paying personally lose up to 49% in tax before affording Life Cover.
(MoneyHelper, 2024)
Reduce Tax
Relevant Life premiums are usually an allowable expense, reducing your business’s Corporation Tax bill and saving Personal Tax too.
(HMRC, 2024)
27,000 Lose Parent
Over 27,000 UK children lose a parent each year - Relevant Life protects their future.
(Child Bereavement UK, 2023)
40% of Business Owners
Over 40% of UK business owners haven’t made a plan to protect their family if they pass away.
(CII, 2024)
Paid By Business
Relevant Life lets you protect your family with Life Insurance that doesn’t touch your income, pensions, or Personal Tax allowance. Paid for by your business, it’s efficient, smart, and compassionate - a benefit for your loved ones, not just your bottom line.
(MoneySavingExpert, 2024)
40-50% Cheaper
Usually 40–50% cheaper than Personal Cover for higher-rate taxpayers.
(Unbiased, 2024)
Death-In-Service
With Relevant Life, your company can offer directors a death-in-service style benefit - even if you’re too small for a group scheme. Ideal for startups, single directors, or growing teams.
(Royal London, 2024)
Avoid IHT
Written into a discretionary trust, Relevant Life avoids inheritance tax and probate delays - getting money to your family, fast.
(Aegon, 2024)
Tax-Free Payouts
Relevant Life payouts are tax-free and don’t count toward your lifetime pension allowance.
(GOV.UK, 2024)
Protect your business, too
Relevant Life is just one piece. You can also cover your business directly with Key Person Insurance or Shareholder Protection - so no one’s left in the lurch if something happens to you.
See Business Options 👔
FAQsFrequently asked questions
Yes - it’s for employees and directors of UK-registered businesses, not sole traders or partnerships.
Usually yes - when set up in a Discretionary Trust, payouts are typically free from Income Tax, Corporation Tax, and IHT.
Definitely. You choose who the payout goes to via the trust.
Only if they’re an employee or director of the business with a salary - then yes!
Absolutely - you can mix and match Personal Cover with Relevant Life.
In most cases, yes - and it usually reduces Corporation Tax.
No - it benefits anyone paid via their business, especially if you’re not part of a group scheme.
Key Person protects the business if you die. Relevant Life protects your family. Different aims, same importance.
You could… but Life Cover doesn’t get lost, stolen, or accidentally spent on a speedboat 🛥️
Hear it from our customers
Your cover, checked
Already have protection in place? We believe your cover should grow with you. Our friendly Policy Check reviews what you have, highlights strengths and gaps, and gives honest, expert advice to keep your cover working its best for you.
