Relevant life cover
Relevant life insurance is a cost-effective way to set up individual death-in-service benefits for staff in companies that are too small to consider setting up a full group protection schemes; offering cover also for those limited company with one only employee (the
director).
This type of plan is usually considered an allowable business expense for tax purposes.
Please note we are not able to provide you with tax advice, so you will need to check with your accountant the exact amount of tax relief your business.