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Family Health Insurance

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    Family Health Insurance

    Hello, has anyone purchased private health insurance for themselves and their family through their limited company? I'm wondering if it might more affordable or tax efficient to do it through the business. Thank you kindly.

    #2
    Have you asked your accountant about it? They are tax specialists afterall.

    https://www.contractoruk.com/limited...insurance.html

    And all this is about your cover as an employee/director of your company. Family insurance is not wholly and exclusively for the purpose of business so will attrack BIK.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #3
      Also factor in the fact it's highly likely you'll be taking an inside gig in the near future which is going to be a right pain in the arse having to get a new plan even if you could put it through the business.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        Originally posted by sergeantpluck View Post
        Hello, has anyone purchased private health insurance for themselves and their family through their limited company? I'm wondering if it might more affordable or tax efficient to do it through the business. Thank you kindly.
        Yes. It was a lot cheaper through the company from the broker who gave me policy quotes.
        Will need to pay BIK but it was more affordable and accountant said was allowable expense.

        Comment


          #5
          Can anyone recommend brokers / insurance suppliers? I'm looking into this as well, just not sure for how long (currently can't afford to wait weeks for simple blood tests etc).

          Comment


            #6
            Originally posted by dsc View Post
            Can anyone recommend brokers / insurance suppliers? I'm looking into this as well, just not sure for how long (currently can't afford to wait weeks for simple blood tests etc).
            WPA is the name that used to be recommended. I'm sure they used to do a discount for CUK but this was a long time ago now. I'm also sure he used to post on here.
            'CUK forum personality of 2011 - Winner - Yes really!!!!

            Comment


              #7
              Just if it helps I went with Bupa SME product.
              Need to have more than one "employee" or "Director" in your Limited Company.
              WPA was expensive for me personally.

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