Structuring your life cover through a retirement fund with premiums which are tax deductible is now more attractive than previously due to the revision of the tax tables.

The relative tax benefits of insuring your life through a retirement fund needs to be compared with insuring your life outside a fund. Premiums paid to standalone life products are not tax deductible (so you won?t get a tax rebate for these contributions), but the benefit payable under these policies are paid free of tax.

An advisor is well positioned to structure your life insurance needs in the most tax efficient manner.

Published courtesy of Liberty Life.