Tax efficient life cover

We all know taking out Life Cover is a good idea…

But sometimes with all the other demands on your income such as mortgage payments, utility bills, holidays, school fees, the weekly grocery shop… it can be hard to see how to budget for Life Cover. However, there is a solution available that delivers the peace of mind that comes from knowing that these expenses can be covered should you die. In fact, it can cost up to 41% less* than a regular Term Assurance policy.

It’s name… Pension Term Assurance.

Quite simply, this is a Term Assurance policy that is structured to utilise the tax relief that is currently available under Pensions legislation, and you don’t even need to have a Pension plan to benefit from this type of policy. You can avail of the benefits of Pension Term Assurance and protect your family and their financial security provided you are:

• Self-employed or • Working in non-pensionable employment

What is Pension Term Assurance?

Pension Term Assurance is designed to provide Life Cover to those in non-pensionable employment. This includes for example, a self-employed person or someone who is not a member of an employer-sponsored Pension plan. A major attraction of a Pension Term Assurance Policy is that currently, if eligible, you may claim full tax relief, at your marginal tax rate, on all premiums paid into this policy. So, if eligible, this valuable security may cost you as much as 41% less than a regular Term Assurance policy.

This is a benefit that your current financial adviser may not have addressed when they sold you your policy. This is easily solved and is just one of the many benefits that we at Southeast Financial Services can help you with. Contact us for full details. Please remember our advice is provided free at a time and place that suits you and with no obligation.

Philip Cullen t/a Southeast Financial Services is regulated by the Central Bank of Ireland

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