Enter the premium and the client's tax position. The table updates as you go and copies straight into an email, formatting included.
How it works. Personal cover is paid from the client's own money, so the company has to pay a dividend large enough to cover the premium and the dividend tax on it. The company pays that dividend out of profit that has already had corporation tax taken off, so the true cost of personal cover is the pre-tax profit needed to fund it. A Relevant Life premium is paid by the company as an allowable business expense, so its true cost is the premium less corporation tax relief.
Rates are 2026/27 for the UK, at the client's marginal dividend tax rate. The calculation ignores the dividend allowance. Corporation tax relief depends on HMRC accepting the premium as wholly and exclusively for the business.