Relevant life calculator

How much could a relevant life policy save your clients?

This calculator allows you to show your clients the difference in the gross cost of providing their life cover through a relevant life policy taken out by their employer compared to a policy they would take out themselves. 

All you need to do is enter the premium and relevant tax rates and the calculator will provide the net costs.

Relevant life calculator

Is the premium paid from dividends

Premium

What is person covered's highest rate of tax

Total other dividend income

Company corporation tax rate

Employee income tax rate

20

%

Employee national insurance rate*

12

%

Employer national insurance rate

13.8

%

*assumes contracted in to
State Second Pension

Ordinary life policy

Employee gross salary increase

£0.00

Employee national insurance

£0.00

Employee Income Tax

£0.00

Employer National Insurance

£0.00

Corporation Tax relief

£0.00

Net Cost

£0.00

Gross dividend needed

£0.00

Corporation tax paid

£0.00

Gross profit to pay dividend

£0.00

Relevant life policy

Corporation tax relief

£0.00

Net cost

£0.00

Total saving of0%

This information is based on our present understanding of current law and HM Revenue & Customs practice for the tax year 2016/17. It may be affected by future changes and individual circumstances.
Last updated: 14 Nov 2016

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.