info@wealthifoxwm.co.uk 07913105551
Provides life insurance through the business in a highly tax-efficient way, often with no income tax or National Insurance implications.
Offers valuable life cover to employees as part of a benefits package, helping attract and retain key staff.
Pays a tax-free lump sum to the employee’s beneficiaries if they pass away while employed by the business.
Relevant life cover is not classed as a benefit in kind, meaning no P11D reporting is usually required.
Cover amounts and terms can be tailored to suit the employee’s role, salary, and business structure.
Relevant life cover is a tax-efficient way for businesses to provide life insurance for directors or employees. It offers valuable financial protection for loved ones while being arranged and paid for by the business.
Unlike traditional life cover, relevant life cover is typically set up outside of a registered pension scheme and can offer significant tax advantages for both the employer and the individual.
Relevant life cover pays a lump sum to the employee’s chosen beneficiaries if they pass away during the policy term. The policy is written into trust, ensuring the payout goes directly to loved ones.
Premiums are paid by the business and are usually treated as an allowable business expense, making this an efficient way to provide life cover without increasing personal tax liabilities.
At WealthiFox, we help businesses and directors arrange relevant life cover tailored to their circumstances. Our advisers ensure policies are structured correctly, compliant with legislation, and aligned with both business and personal objectives.
Shareholder protection is designed to safeguard business ownership if a shareholder passes away or suffers a serious illness. Without proper planning, control of the business could pass to unintended parties, creating uncertainty and disruption.
This type of protection ensures the remaining shareholders can retain control of the business, while providing the affected shareholder’s family with fair financial compensation for their shares.
Shareholder protection typically combines life insurance or critical illness cover with a legally structured agreement, ensuring a smooth transfer of ownership and long-term business continuity.
Ensures remaining shareholders retain control of the business following the death or serious illness of a shareholder.
Provides the funds needed for remaining shareholders to purchase the departing shareholder’s shares at a fair market value.
Helps ensure the business continues operating smoothly without disruption to management, ownership, or long-term strategy.
Ensures the shareholder’s family receives a cash settlement instead of becoming involved in business ownership.
Shareholder protection is a business protection arrangement designed to safeguard ownership if a shareholder passes away or suffers a serious illness. It helps ensure control of the business remains with the remaining shareholders.
Shareholder protection typically combines life insurance or critical illness cover with a legally structured agreement. If a shareholder dies or becomes critically ill, a payout is used to fund the purchase of their shares.
The shareholder’s family receives a financial payout for the value of the shares, rather than inheriting shares and becoming involved in the running of the business.
Yes. Shareholder protection can be tailored based on your business structure, number of shareholders, share values, and whether cover is required for death, critical illness, or both.
Say Hello
