Business protection tools

How much could a relevant life policy save your clients?

This calculator allows you to show your clients the difference in the gross cost of providing their life cover through a relevant life policy taken out by their employer compared to a policy they would take out themselves.

All you need to do is enter the premium and relevant tax rates and the calculator will provide the net costs.

Premium

Company Corporation Tax rate %

Employee income tax rate %

Employee National Insurance rate %

Employer National Insurance rate %

Ordinary life policy

Employee National Insurance
Employee Income Tax
Employer National Insurance
Corporation Tax relief
Net cost

Relevant life policy

Corporation Tax relief
Net cost

Total saving of

This information is based on our present understanding of current law and HM Revenue & Customs practice. It may be affected by future changes and individual circumstances.

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Specialist Business Protection support team

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Each member works closely with IFAs to provide training, seminars, technical support and sales development.

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