Life insurance policy taken out by director in his name, in trust for his wife and paid for by employer limited co [individual is a dir + shareholder of the ltd co ] - called a relevant life policy - & apparently ... not subject to p11d/ nic / paye and is allowable as CT deduction. Is this correct ?
the insurance broker would say so of course - but is this correct, anyone come across this
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See this thread...
... for a slightly longer explanation: https://www.accountingweb.co.uk/anyanswers/relevant-life-policy