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 |
Treating Customers Fairly
Dictionary
- Fee Based Independent Financial Advisors IFAs
- Approved Pension Schemes
- Taxation of Dividend Income
- Non-Contributory Pension
- State Earning Related Pension Scheme SERPS
- Funded unapproved pension schemes FURBS
- Personal Allowance
- Pay-As-You-Earn PAYE
- Consumer Price Index CPI
- Market maker