FAB Assurance
43 Charlotte Square
Edinburgh
EH2 4HQ

0131 624 1301
info@fab-assurance.com

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. . . a tax break

Provided the qualifying criteria are met, FAB Life is the most tax effective way for an executive or owner manager to take out life cover. It will certainly be much cheaper than paying for life assurance out of the individual’s own income.

  • premiums are paid by the employer and should be deductible
  • the executive is not liable to income tax on the premiums
  • benefits are received free of Inheritance Tax
  • benefits are not part of the executive’s lifetime pension allowance
  • insure up to 15x total remuneration

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