11 Purdeys Way, Rochford, England, SS4 1ND
11 Purdeys Way, Rochford, England, SS4 1ND
Use our quick, relevant life insurance calculator below to find out how much your business could save by funding life cover through your company rather than paying personally. Results update instantly — no contact details needed.
Once entered, the chart on the left will show what you will pay personally, taking into account your taxed income, and on the right shows what it is if paid through the company.
Make sure the figures for your tax are correct, and then scroll to the bottom.
See how much you could save by paying for life insurance through your company instead of from your own income.
Notes: Figures are illustrative. Assumes Employer NI 13.8%, Employee NI 8%, and Corporation Tax 25%. Please confirm tax treatment with your accountant.
You’ve seen how much your business could save — now let’s find the best policy for you. We compare all the leading insurers and handle the trust setup for free.
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Our Relevant Life Insurance Calculator helps company directors and business owners compare the true cost difference between a Relevant Life Policy (also known as Director Life Insurance) and a personal life insurance plan. By factoring in Income Tax, National Insurance, and Corporation Tax, it shows how much you could save when premiums are paid through your company instead of from your own income.
A Relevant Life Policy is designed for limited company directors and employees, providing life cover that’s usually classed as an allowable business expense. It’s an efficient alternative to paying personally for cover, especially for smaller firms that don’t have group life schemes. For many businesses, it can reduce costs by up to 49% while offering the same protection to your family or chosen beneficiaries.
If you’re exploring wider business protection options, you might also want to look at Key Person Insurance or Shareholder Protection — both of which can work alongside a Relevant Life Plan. Use the calculator above to get your estimated saving, then request your personalised quote to see which setup works best for your company.
The results are a realistic guide based on current UK tax rates — including Income Tax, National Insurance and Corporation Tax. They’re designed to help you understand the potential savings when your company funds life insurance through a Relevant Life Policy rather than from your own income. We can provide an exact personalised calculation once you request a quote.
The calculator includes typical assumptions for Income Tax, Employee and Employer National Insurance, and Corporation Tax relief on allowable business expenses. These figures give a good general indication, but your accountant can confirm the precise tax treatment for your company’s structure.
Director of My Key Finance Ltd • FCA No. 628996
“I built this calculator to make it easier for UK directors to see how much tax they could save through a Relevant Life Policy. After helping hundreds of business owners set up tax-efficient life cover, I know how valuable clear, simple comparisons can be.”
Jody was very helpful in explaining the options and I thoroughly recommend his company
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the best we found too.
The standard of service was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
Jody was very helpful in explaining the options and I thoroughly recommend his company
The standard of service was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the best we found too.
Jody was very helpful in explaining the options and I thoroughly recommend his company
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