Did you know both you and your employees can make significant tax savings when you take out a Relevant Life Policy compared to an ordinary life policy?

Premiums paid by the employer to Relevant Life Policies are normally deductible for Corporation Tax purposes and are not classed as a taxable benefit in kind for the individual.

This calculator can help you compare the price difference of providing life cover through a Relevant Life Policy compared to an ordinary life policy.

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Life Policy
Relevant Life Policy
Annual payment
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£{{annualPrem | number:2}}
Employee Tax
National Insurance contribution
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£{{eeNatInsRel | number:2}}
Income Tax
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Employer Tax
National Insurance contribution
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£{{erNatInsRel | number:2}}
Corporation Tax
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£{{erCorpTaxRel | number:2}}
Total cost
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{{percentageSaving | number:0}}% saving compared to ordinary life policy

Saving
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VitalityLife is a trading name of Vitality Corporate Services Limited. Registered number 05933141. Registered in England and Wales. Registered office at 3 More London Riverside, London, SE1 2AQ. Vitality Corporate Services Limited is authorised and regulated by the Financial Conduct Authority.