Life Assurance

Tax relief rates

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Life Assurance


Tax relief was available to individuals in respect of premiums paid under qualifying policies of life assurance issued in respect of contracts made prior to 13/3/1984. For policies issued before that date, Life Assurance Premium Relief (LAPR) is still available at the rate of 12.5% on premiums up to £1500 or one-sixth of the payer's total income.


Year Relief
1979-81 17.5% per premium
1981-89 15% per premium
1989-Ongoing 12.5% per premium

Moneyextra.com is authorised and regulated by the Financial Services Authority (FSA FRN 488578). Moneyextra.com Ltd is registered in England no. 06553530. Registered office: Kingfisher Court, Plaxton Bridge Road, Woodmansey, Nr Beverley, HU17 0RT.