A Relevant Life Plan is a tax-efficient way to provide death-in-service benefits, helping you attract and retain talent. Unlike standard schemes, premiums are typically classed as an allowable business expense, qualifying for Corporation Tax relief without triggering additional Income Tax or National Insurance. This allows you to offer high-level cover that accounts for total compensation, including salaries, bonuses, and regular dividends.

To maximise the benefit, each plan is written in trust for the employee’s dependents. This ensures that any payout is made outside of the individual’s estate, providing a faster, more tax-efficient settlement that is usually exempt from Inheritance Tax.