Results
Results | Non-relevant life plan | Relevant life plan |
---|---|---|
Cost to employee | ||
Monthly policy payment | 1000.00 | N/A |
Employee National Insurance (NI) | 34.48 | N/A |
Employee tax | 689.66 | N/A |
Cost to employer | ||
Monthly policy payment | N/A | 1000.00 |
Employer National Insurance (NI) | 237.93 | N/A |
Corporation tax relief | -392.41 | -200.00 |
Total monthly cost | 769.66 | 800.00 |
Relevant Life monthly saving | 769.66 or | 49% |