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Talk To Tom Financial Services is a specialist service helping business owners and company directors access tax-efficient protection policies, including Relevant Life Cover, Executive Income Protection, and Business protection Insurance.

Booking a consultation is simple and tailored to suit your schedule. During your call or meeting, we’ll get to know you, your business structure, and your protection needs. We'll explain how Relevant Life Cover works, assess your eligibility, and give you a clear picture of the potential tax savings.

There’s no jargon or pressure, just honest advice and expert guidance. If you decide to move forward, we’ll walk you through the setup process step by step, ensuring the policy and trust are arranged correctly from the start.

Talk To Tom Financial Services is a trading style of Commercial Connect Limited, which is an Appointed Representative of Mortgage Connect (NI) Ltd. Mortgage Connect (NI) Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 915845).

All insurance policies are subject to underwriting, eligibility criteria, and terms and conditions. Tax treatment is based on individual circumstances and may be subject to change by HMRC.

Any examples or savings figures provided are for illustrative purposes only and do not guarantee specific outcomes. Protection policies must be maintained for cover to remain in place.Cover levels, benefits, and premiums will vary depending on your personal circumstances and the insurer’s assessment. You should not act solely based on the information provided without speaking to a qualified adviser, like myself.

Relevant Life Cover is a tax-efficient life insurance policy designed for company directors and employees. It provides a lump-sum death-in-service benefit to the employee’s nominated beneficiaries if they pass away during the term of the policy.

Unlike personal life insurance, a Relevant Life Plan is arranged and paid for by the business, written into a trust from the outset, and offers significant tax advantages for both the employer and the insured. It’s especially popular with business owners who want to provide personal life cover in a way that is both cost-effective and compliant with HMRC rules.

Relevant Life Cover offers major tax savings by allowing the business to pay for life insurance premiums as an allowable business expense. This means:

The company can claim corporation tax relief on the premiums (typically up to 25%). The employee pays no income tax or National Insurance, since it's not treated as a benefit-in-kind (no P11D reporting). The policy doesn’t affect pension allowances and the payout is usually inheritance tax-free thanks to the trust structure.

For higher-rate taxpayers, this setup can lead to savings of up to 50% or even more compared to paying for a personal policy from post-tax income.

A Relevant Life Policy can be taken out for any employee of a business, including directors and controlling directors. The business entity can be a limited company, partnership, Limited Liability Partnership (LLP), charity, or sole trader. However, it’s important to note that sole traders, partners, or equity members/partners taxed under Schedule D are not eligible for this type of cover.