Pension Life CoverPension Life Cover

Pension Life Insurance Rules – Term Assurance (PTA)

  • Under a pension’s scheme rules a life insurance can be provided to you.
  • Although many companies don’t offer it anymore, you can have a policy that it just life insurance.
  • With some policies you can have pension savings and life insurance policy combined.

Tax Relief

  • Pre April 6 2007 rules allow for tax relief on premiums, policies taken after this no longer receive tax relief.
  • Meaning that there is no advantages with taking either pension life insurance or term assurance
  • Some pension companies still may allow the arrangement of life insurance but not all will, find out which will.

Read about separate life insurance cover.

Save With Tax Relief  On Life Insurance

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