Originally posted by ladymuck
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Income Protection / IPSE Tax Cover - what's most worthwhile?
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merely at clientco for the entertainment -
Thanks all. Given me a new perspective. Going to:- Keep Relevant Life Insurance
- Sack off Income Protection; have a warchest and fat SIPP instead
- Get IPSE Plus
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Originally posted by BigLadFromBeeston666 View PostThanks all. Given me a new perspective. Going to:- Keep Relevant Life Insurance
- Sack off Income Protection; have a warchest and fat SIPP instead
- Get IPSE Plus
If you need income protection you want itto fill in between the time the warchest runs out and the time you can start extracting from the pension
merely at clientco for the entertainmentComment
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Originally posted by eek View Post
SIPP isn't much use as you can't extract money until you are 57 (as it changes soon to be 57 from 55).
If you need income protection you want itto fill in between the time the warchest runs out and the time you can start extracting from the pension
However, if one is injured or otherwise simply unable to work, the above doesn't apply. In this instance having Executive Income Protection would help.
The above is my understanding of the options.Comment
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