Life & Health Insurance Tax Efficiencies
Business/Owner Focused
| Insurance | Why Do You Need it? | Who Can Benefit? | What are the Tax & National Insurance (NI) Efficiencies and Implications | |
|---|---|---|---|---|
| Executive Income Protection | Provides monthly income to the business which protects against the financial impact of employees being incapacitated to work. | All Employees - Includes: earnings, dividends and P11D benefits. Additional cover can also include Employers NI & Pension Contributions. |
✓ Corporation tax deductible
✓ No Employer NI Payable
✓ No Employee P11D Benefit
★★★★★ |
|
| Relevant Life Plan /Death in Service | Provides life insurance for premature death or Terminal Illness diagnosis for employees on an individual death in service benefit. | All Employees up to 25x Gross Salary/Dividends/Bonuses & Benefits in kind (depending on age) |
✓ Corporation tax deductible
✓ No Employer NI Payable
✓ No Employee P11D Benefit
★★★★★ |
|
| Private Medical | Allows employees to get treatment promptly without lengthy NHS wait lists so they can return to work faster and help reduce absenteeism costs. | All Employees Ideal for Directors and Key People. |
✓ Corporation tax deductible
✗ No Employer NI Payable
✗ No Employee P11D Benefit
★★★★ |
|
| Group Income Protection | Provides employees regular monthly income if they can’t work due to long term sickness or injury and supports Rehabilitation. | All Employees - Includes: earnings, dividends and P11D benefits. Additional cover can also include Employers NI & Pension Contributions. |
✓ Corporation tax deductible
✓ No Employer NI Payable
✓ No Employee P11D Benefit
★★★★★ |
|
| Group Life/Death in Service | Provides life insurance for premature death for employees who dies whilst working for the business. | All Employees up to 10x Gross Salary/Dividends/ Bonuses & Benefits in kind |
✓ Corporation tax deductible
✓ No Employer NI Payable
✓ No Employee P11D Benefit
★★★★★ |
|
| Group Critical Illness | Provides critical illness insurance for a named condition for employees whilst working for the business. | All Employees up to 5x Gross Salary/Dividends/ Bonuses & Benefits in kind |
✓ Corporation tax deductible
✓ No Employer NI Payable
✓ No Employee P11D Benefit
★★★★★ |
|
- Provides you cashflow in your business when needed
- Safeguards you business from 3rd party attack and protects your employees.
- Bespoke Solutions to fit you, your business & your family.
- Specialising in working with business owners with inhouse qualifed ex-accountants.
- Leaving a legacy with Business Trusts for multi generational planning, helping to manage your Inheritance Tax Liability.
Emily-Bagley Duncan
“I was introduced to Sam by one of our business suppliers Adam Davey from Petaurum HR. As a growing company we wanted to provide our employees with some great benefits which not only protected them, also benefited us as the employer. Sam provided us a number of options which allowed us to make the right… Read more “Emily-Bagley Duncan”
Naomi Johnson
Sam has been so attentive with my policies. Not only was she really creative to put the right package together, but her attention to deal and support is second to none. With Sam you’ll know she’ll be proactive and by your side long after your policy is set up and ticking by. Highly recommend her… Read more “Naomi Johnson”
Rob Hattersley
“When starting my own business, I knew I needed to protect my investment as I’d met Sam from Enable Life about 18 months prior at a networking event. In preparation Sam really understood how simple my needs were and helped me protecting my Directors Loan. Later that year I wanted to provide key staff an… Read more “Rob Hattersley”
Susan Wilmot Rowe
“Sam’s passion for protection is forefront of everything she does, she was very understanding of my time scales and worked with me and my business budget to understand how best I could protect my income if I was unable to work in the future. She also advised that as a limited company I could structure… Read more “Susan Wilmot Rowe”
