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Relevant Life Policy Calculator

This calculator can help highlight that a business owner can save money on the cost of their life insurance if they take out a relevant life policy through their business rather than an individual policy themselves.

Enter Details

Individual details
Name
Premium
£
Country
Highest rate income tax
Employee
NI rate
 %
Company details
Corporation
tax rate *
 %
Employer
NI rate
 %
Error

Results

 
Personal
Life Policy
Relevant
Life Policy
You
pays premium
-
n/a
Company pays premium
n/a
-
Employee NI
-
n/a
Employee income tax
-
n/a
Employer NI
-
n/a
Total cost
-
-
Less corporation tax
-
-
Grand total
-
-
Total saving of
(-%)
Every care has been taken to ensure that this information is correct and in accordance with our understanding of the law and HM Revenue and Customs practice. However, independent confirmation should be obtained before acting or refraining from acting in reliance upon this information.