Are you a director of a small business and pay for your life cover premiums personally, out of net income?
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Are you an employer looking to provide ‘death in service’ benefits for your employees but there are too few to set up a group scheme?
If the answer to either of these questions is yes, the Relevant Life Trust will provide a tax efficient solution for you.
What is this relevant life trust plan?
It is a one man death in service policy which pays a tax free lump sum to your dependents on your death.
Who can take out this relevant life trust plan?
Company directors receiving income via PAYE and employees of a small company.