Up until recently relevant life plans used by, mainly, the directors of limited companies to provide life cover while the premiums are treated as a business expense.
These plans have been very popular providing life cover in a very tax efficient way.
Until recently these have only been able to provide life cover benefits only, but today Aviva have confirmed that following advice from external legal counsel they are now able to offer Critical Illness alongside the life cover whilst still offering the premiums as a business expense.
If you are looking to provide protection for your family, do not ignore the benefits a relevant life plan can offer.
If you need any assistance with relevant life plans, do not hesitate to contact TM Asset Management.
This blog does not replace the need to take Independent Financial Advice.