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Relevant Life Policies

What are Relevant Life Policies?

The aim of the policy is to provide a lump sum benefit on the death of a single employee. This removes the need for the company to set up a registered group life scheme.

The policy is designed to meet the requirements of a single life relevant life policy under S393B (4) (b) of the Income Tax (Earnings and Pensions) Act 2003.

Relevant life policies are primarily aimed at 2 groups:

  • High-earning employees who have substantial pension funds and don’t want their death-in-service benefits to form part of their lifetime allowance
  • Small businesses that don’t have enough eligible employees to warrant a group life scheme

Relevant life policies can also be used by directors of the company.

Find out more in our Relevant Life Policies Guide

Tell me more about Relevent Life Policies

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Why choose Invest Southwest for your Relevant Life policy?

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