Many business owners are unaware that they may be able to put life insurance through the company as a legitimate tax-deductible business expense. Not only that, if the policy meets certain conditions, it is not treated as a benefit-in-kind so there is no National Insurance or personal tax payable. Win, win! 
Qualifying conditions:- 
It can only provide life cover and no other benefits 
It can only pay out a lump sum if the director/employee dies in service before the age of 75 
It can’t have a surrender value 
It can only pay out to an individual or charity 
We would be happy to put you in touch with a financial advisor to explore this, in most cases there are no set-up fees. 
If you are interested please contact us today and we can put you in touch with a specialist financial advisor to provide further guidance and, if you happy to go ahead, help get the life insurance set up for you. 
Written by: 
Nicola J O'Sullivan -  
Effective Accounting 
Founder | Xero Champion | IR35 Expert 
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