The value of pensions and investments can fall as well as rise, you may get back less than you invested.
Tax treatment varies according to individual circumstance and is subject to change.
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died.
If you pass away, Family Income Benefit pays out a regular tax-free monthly income to your loved ones, to replace the loss of your income and help relieve the stresses to your family of paying the bills.
Critical Illness Cover can help minimise the financial impact on you and your family if you were to become critically ill. Critical Illness Cover can pay out a cash sum if you’re diagnosed with, or undergo a medical procedure for, one of the specified critical illnesses covered by the policy.
If you get sick or injured and are unable to work, income protection pays you part of your monthly income. Income protection payouts are tax-free and help you to protect your finances whilst you recover. As the payouts are tax-free, they should cover most of your salary that you stated on the application.
Life cover, which can also be known as life insurance, is a type of policy that protects your loved ones financially if you die. It can help minimize the financial impact that your death could have on your family, and offer peace of mind to those that you care about most.