Commentary

E1.1330 Withdrawal of life assurance premium relief

Personal and employment tax

E1.1330 Withdrawal of life assurance premium relief

Policies taken out after 13 march 1984

E1.1330 Withdrawal of life assurance premium relief

Life assurance premium relief was withdrawn for premiums paid under a policy in respect of which the insurance is made after 13 March 1984. The withdrawal applies to life company and friendly society policies alike, but relief continues to be available where it is given to that part of a payment to a friendly society that relates to a tax exempt life or endowment policy, see E1.1322. Life assurance premium relief is abolished in respect of all policies with effect from, broadly, 6 April 2015 (see E1.1300).

Variation of terms and substitution

Where an insurance is made before 14 March 1984 but its terms are varied after 13 March 1984 so

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