A Relevant Life Plan is a Life term assurance available for employers to provide an individual death in service benefit for an employee. Proceeds go to the family of the employee.
Directors and any employee of a company. Small and medium businesses can attract and reward staff if they provide benefits packages which are also tax efficient. There’s corporation tax relief and no NI contributions for the employer or employee and no benefit in kind for the employee.
Cover for the company in the event a key person is critically ill or dies. The death or critical illness of a key person is likely to have a significant impact on your business. You could suffer a loss of profits, be unable to quickly recruit a suitable replacement and face significant disruption to your own business activities. You can help protect the future survival of your business with Key Person Protection.
It’s for any company to cover any loss of income if a key member of staff is unable to do their job due to illness or death. Any claim paid goes into the company bank account.
To ensure the continuity of the business it is important that all shareholders insure each other and sign a legal agreement to ensure they all agree what happens should any shareholder become critically ill or die. Without this the surviving shareholders may struggle to continue the business or even to retain control of it, especially if the deceased has left his shares to their family. A legal agreement alongside a Life and/or Critical Illness policy can provide the funds to ensure the business can purchase the deceased’s share of the business from their estate
Any company with more than one shareholder.
A company group policy provides private medical treatment for employees, therefore reducing the worry of NHS waiting lists. It provides the reassurance of knowing that your employees will have access to private medical treatment. This is important for speedy diagnosis, in-patient and out-patients treatment. There are many other options you can add to enhance the cover.
Any business with two or more employees. Gets your staff back to work where you need them.
A group life scheme is a very affordable way to provide life cover for multiple employees.
All businesses who want to provide cost effective life cover for their employees. Small and medium businesses can attract and reward staff if they provide benefits packages which are also tax efficient. Any claim paid goes to the family of the employee. There’s corporation tax relief and no NI contributions for the employer or employee and no benefit in kind for the employee.
SW6 Asset Management Limited
2 Joanna House, 34 Central Road, Worcester Park, Surrey, KT4 8JB
SW6 Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Our FCA number is 959192. Registered office. 2 Villiers Court, 40 Upper Mulgrave Road, Cheam, Surrey. SM2 7AJ. Registered in the UK 10392290 Estate Planning and the provisions of wills are not regulated by the FCA. Appointed representative of Soteria Planning, regulated by the Society of Will Writers in England and Wales. Company Registration number 10670009 Regsitered Address 3a Oakmead Place, Oakmead House, Binfield. RG42 4JF