Relevant Life is a life insurance policy available to employers to provide an individual death-in-service benefit for an employee. It can help smaller businesses attract and retain high-calibre staff by offering them attractive benefits packages that are also tax efficient. It can also be a tax-efficient way for shareholder directors to take out life insurance.

Tax benefits

There can be tax benefits for both the employer and employee.

Employer benefits:

  • corporation tax relief (so long as the premiums are wholly and exclusively for the purposes of the business); and
  • no National Insurance contributions to pay on the policy payments paid to fund the Relevant Life policy.

Employee benefits:

  • no National Insurance contributions to pay on the policy payments paid to fund the Relevant Life policy;
  • the policy payments won’t be taxed as a benefit in kind; and
  • policy payments and benefits don’t count towards annual or lifetime pension allowances.

We are taking part in St Ann’s Christmas Tree collection fundraiser!


 Haven IFA will be giving their support to St Ann’s Hospice’s Christmas Tree Collection throughout January 2021. We aim to raise funds to support their invaluable work for the community.

Find Out More

Make A Donation / Arrange Your Collection