Expenses - The Do's, Don'ts and damn right murky!

[Notascooby]

Super - so some more worthwhile information.

So the life insurance that isn't a BIK - is called a relevant life policy and the like of the Pru and Bright Grey do this.
£1/2M insurance is about is around £40-43 per month for 39 year old, covering 21 years until 60.

Then Enterprise Income Protection, i.e the po9licy is in the business name and is paid to the business is also allowable and free of BIK. Insurance for £40K per year to the business with a 6 month deferral period is looking like £54 per month. Again Bright Grey provide this as do Unum Provident (who have a Q&A facility). Bright Grey will cover up to 50% earnings and Unum up to 80%. Be aware that you need to be able to show you're earning this to qualify for the full payout, so no point in insuring yourself for 80K if you're sticking to the 40% threshold as I don't think it's what the company earns but what you earn (to verify).

Any more, allowable expenses? - Google is a great thing but it's handier to have things in one place.

[northernladuk]

Bit of research does wonders. Lots of guides with it all in one place out there.

or one of the multitudes of guides out there.

[Waldorf]

This one is useful and a bit more detailed:
<snip>

[Notascooby]

Bit of research does wonders. Lots of guides with it all in one place out there.


or one of the multitudes of guides out there.

Dear NLUK - if you're going to tout the google search then at least find something useful - I already employ SJD and have read the attached, did it mention Income protection or life policies did it hell.

I do find your normal "not cut out" stuff quite funny but this is as good as useless.

The Nixon Williams guide is pretty good and covers most of what i already know, it does mention the BIK for medical insurance and does bring up the contentious item of lunches.

But again is sadly lacking income and life policy information, which again is why I think this info could be handy for others.