Good News For Higher Rate Taxpayers
18 February 2008
Paying higher-rate tax is rarely regarded as a blessing. Yet there is one crucial way in which a higher-rate taxpayer can benefit from the Inland Revenue's take.
As the D&G will insure members for up to 66% of their gross income before illness or injury strikes, and the benefit is paid out free of income tax, a higher-rate taxpayer can be very close to their pre-illness income should the unthinkable happen.
Members can top their benefit eligibility at any time by paying an increased premium, provided they have at least 10 years of cover left under their policy. Contact the D&G for more details.
