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Many companies offer their employees a ‘death in service’ benefit, paying the employee’s family a lump sum if they die while they’re employed. However, this kind of benefit doesn’t suit every company.
There is however a tax-efficient and cost-effective alternative for both you and your employees. Save nearly 50% tax (compared to an ordinary life policy) and reward your people with discounts and rewards that help them lead a healthy lifestyle when you take out a Relevant Life Policy with VitalityLife.
A Relevant Life Policy from VitalityLife comes with a great range of discounts and rewards. Allowing you to offer your employees a wide-ranging benefits package which not only rewards them but helps them to live life well.
Healthy employees:
Having a Relevant Life Policy can also help with recruitment and retention.
A Relevant Life Policy is suitable in many situations, not just SMEs looking for life cover or an employee benefits package.
Directors of limited companies can enjoy valuable tax benefits if the premiums for life insurance are paid by oe company instead of from personal income after tax.
A Relevant Life Policy can provide individually calculated cover levels so are suitable where companies only want to reward several employees or provide variable cover.
The benefits of Relevant Life Policies do not count towards the current Lifetime Allowance of £1.25 million, above which tax is currently charged at 55% tax (on death).
Call 03334149323 to talk to a business adviser today.
Request a call backLines open:
8am – 8pm Monday to Friday
9am – 5pm Saturday and Sunday
Calls may be recorded
Our Business Risk Calculator can help you calculate the probability of one of your key employees dying before retirement age.
Calculate nowHow much tax saving can you achieve with a Relevant Life Policy?
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