Relevant life plan calculator.

This calculator shows the potential saving your client could make when paying for their life cover through a
Relevant Life Plan compared to a non Relevant Life Plan.

Just enter your client's premium and relevant tax rates and the calculator will give you the tax-adjusted total cost and potential saving.

Please complete all the fields below.

Help
CloseCompany Corporation Tax rate?
There are different rates of Corporation Tax that could apply, depending on the company's taxable profits. Small Profits Rate currently stands at 19%.

How much could a Relevant Life Plan save your client?

NON RELEVANT LIFE PLAN

COST TO EMPLOYEE

Monthly premium £0.00
Employee National Insurance contribution £0.00
Employee Income Tax £0.00
Employee Dividend Tax £0.00
Gross earnings needed £0.00

COST TO EMPLOYER

Monthly premium N/A
Employer National Insurance contribution £0.00
Total gross cost £0.00
Less Corporation Tax £0.00
Tax adjusted total cost £0.00

RELEVANT LIFE PLAN

COST TO EMPLOYEE

Monthly premium N/A
Employee National Insurance contribution N/A
Employee Income Tax N/A
 

COST TO EMPLOYER

Monthly premium £0.00
Employer National Insurance contribution N/A
Total gross cost £0.00
Less Corporation Tax £0.00
Tax adjusted total cost £0.00
TOTAL SAVING BY USING A RELEVANT LIFE PLAN = £0.00
A SAVING OF 0.00%

These figures are for illustrative purposes only. Tax calculations are based on 2019/2020 tax bands and may change in the future. The information assumes that the same rate of income tax / National Insurance applies on to the relevant proportion of the premium and the same rate of dividend tax to the relevant proportion of the premium. It may be affected by individual circumstances.