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Search results: 5 article(s) found in topic: Insurance - keyword: Life

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Tax-efficient life insurance

Proceeds from life insurance policies are usually tax free, but premiums paid by individuals must usually be paid out of taxed income. However, employers can provide employees with life insurance as a tax and NI-free perk. What’s involved? More...


Insurance with real tax advantages for your company

Where your company pays for life insurance, it usually results in a tax bill on the cost of premiums, any policy pay-out or both. But if you’re willing to accept one or two limitations there’s a completely tax-free alternative. What is it? More...


Life insurance tax catch

If you and your spouse or partner are considering life insurance, you’ll want to make sure that when it pays out the Taxman doesn’t snatch 40% of it. But achieving this may not be as straightforward as it seems. What’s the catch? More...


When to insure against an IHT bill

Mr Darling’s decision to freeze the nil rate band for the next five years means an increase in Inheritance Tax in real terms. So, what, if anything, can you do to protect the value of your estate from the Taxman? More...


Death and taxes

You have a life policy that will pay out a substantial sum on your death. However, a recent case suggests that this payout might be taxable under Inheritance Tax rules. What do you need to do to avoid this? More...
Last updated: 10.07.2020

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