Most of us understand what life insurance is, but Relevant Life cover allows for businesses to provide life insurance to employees. We look at how this works and highlight some of the tax advantages potentially available.
Will you be more generous to the taxman than you need to be in 2019/20? The personal allowance and higher rate income tax threshold are going up – which is good news, but the taxman is raking in extra billions of pounds through inheritance tax (IHT), National Insurance (NI) and capital gains tax (CGT) and plans to take even more in 2019/20.