Relevant Life Plan Calculator
A Relevant Life Plan is a way of providing a lump sum benefit on the death of an employee. A Relevant Life Plan is an alternative to taking out a personal life assurance plan.
How a Relevant Life Plan can help your business save money
This calculator compares the net cost to the employer of an employee taking out a personal life assurance plan (paid for by the employer) with that of a Relevant Life Plan also paid for by the employer, demonstrating the saving that could be achieved.
Please enter the contribution and relevant tax rates.
Net Cost to Employer
Owned Plan
Life Plan
Total saving of
The illustration assumes that the individual on whose life the plan has been taken out is earning above the upper earning threshold for National Insurance, i.e. above £817 per week.
This information is based on our present understanding of the current law and HM Revenue & Customs practice. It may be affected by future changes and individual circumstances.
