Relevant Life Cover protects your family - paid for by your business, and usually tax-deductible. A win-win when it matters most.
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.
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.
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.
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.
Big savings potential.
Yep - premiums are often deductible against Corporation Tax and don’t count as a benefit in kind. Nice.
Usually cheaper than personal.
Similar to normal Life Cover, but paid through your business - often with huge savings, especially for higher earners.
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.
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.
Directors paying personally lose up to 49% in tax before affording Life Cover.
(MoneyHelper, 2024)
Relevant Life premiums are usually an allowable expense, reducing your business’s Corporation Tax bill and saving Personal Tax too.
(HMRC, 2024)
Over 27,000 UK children lose a parent each year - Relevant Life protects their future.
(Child Bereavement UK, 2023)
Over 40% of UK business owners haven’t made a plan to protect their family if they pass away.
(CII, 2024)
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)
Usually 40–50% cheaper than Personal Cover for higher-rate taxpayers.
(Unbiased, 2024)
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)
Written into a discretionary trust, Relevant Life avoids inheritance tax and probate delays - getting money to your family, fast.
(Aegon, 2024)
Relevant Life payouts are tax-free and don’t count toward your lifetime pension allowance.
(GOV.UK, 2024)
Directors paying personally lose up to 49% in tax before affording Life Cover.
(MoneyHelper, 2024)
Relevant Life premiums are usually an allowable expense, reducing your business’s Corporation Tax bill and saving Personal Tax too.
(HMRC, 2024)
Over 27,000 UK children lose a parent each year - Relevant Life protects their future.
(Child Bereavement UK, 2023)
Over 40% of UK business owners haven’t made a plan to protect their family if they pass away.
(CII, 2024)
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)
Usually 40–50% cheaper than Personal Cover for higher-rate taxpayers.
(Unbiased, 2024)
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)
Written into a discretionary trust, Relevant Life avoids inheritance tax and probate delays - getting money to your family, fast.
(Aegon, 2024)
Relevant Life payouts are tax-free and don’t count toward your lifetime pension allowance.
(GOV.UK, 2024)
Liam explained every detail with patience and made sure I felt comfortable at every step.
Abbie walked me through the whole process after I received my documents. Her knowledge and friendliness really stood out. Waddle should be proud of this team.
I never felt pressured - just supported. Exactly what I needed.
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.
