Use our Relevant Life calculator to see the potential tax savings that can be made using a Relevant Life policy compared to a non-relevant life policy.
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% |