can I get tax relief
Posted: Wed Mar 04, 2023 1:42 pmmy father said i can reclaim my tax on the money i pay each mth on my life policy. is he rite?
Finance Talk
Finance Talk allows users of Brokers Online to ask for help difficult financial isues. We will provide an accurate answer to all questions within 48 hours. Feel free to ask as many questions as you wish or just discuss current issues.
https://www.life-assurance-bureau.co.uk/finance-talk/
can I get tax relief
https://www.life-assurance-bureau.co.uk/finance-talk/viewtopic.php?f=3&t=75
Page 1 of 1
Posted: Wed Mar 04, 2023 1:42 pmRe: can I get tax relief
Posted: Wed Mar 04, 2023 2:54 pmif you have something called a "pension life insurance policy" he is right - but i doubt whether you have! pension life insurance policies were only sold 2/3 years ago and then only for about 4/5 months. the government created this type of policy in an autumn budget and by xmas realised they had made a mistake and withdrew the tax relief. Assuming that yours is NOT a "pension life insurance policy" the monthly premiums will not qualify for tax relief. If you are in any doubt, you should contact teither he insurance company or th firm that sold the policy to you.