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Benefits Of Relevant Life Insurance
Tax efficient, non-taxable benefit for the employee and is usually paid without any Inheritance tax. It also doesn’t form part of their annual or lifetime allowance for pension benefits.
Cost efficient, the cost of the plan is normally an allowable expense for the business meaning the business gets tax relief on the premiums paid.
Providing a relevant life policy as part of an overall benefits package can make your company more attractive to potential employees, can help to retain and reward existing employees.
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