Abstract
Earlier in this book, certain tax aspects of life assurance are touched on. This chapter deals with them in more detail, together with related subjects such as permanent health insurance and purchased life annuities. Life assurance used to enjoy a highly favoured status for tax purposes. Since 1984, this has been reduced but some benefits still remain and these are examined below. Remember, you should not enter into life assurance arrangements merely to save tax, but for the primary benefits they confer. However, the tax benefits certainly make them more attractive.
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© 2012 Fiscal Services Ltd
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Sinclair, W., Lipkin, B. (2012). Life assurance. In: St. James’s Place Wealth Management Tax Guide 2012–2013. Palgrave Macmillan, London. https://doi.org/10.1057/9781137290809_9
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DOI: https://doi.org/10.1057/9781137290809_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32723-2
Online ISBN: 978-1-137-29080-9
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