7 articles tagged with Insurance.
Whether critical illness cover lump sums and income protection payments are taxed in the UK for 2026/27, and how the answer changes depending on who pays the premiums.
Term insurance is far cheaper but can expire with nothing paid if you outlive it. Whole of life costs more but guarantees a payout eventually. Working through both for ordinary UK family cover.
How UK income protection insurance works in 2026/27 -- what it pays, how tax affects benefits, deferred periods, costs, and how it compares with critical illness cover.
Income protection insurance explained: short-term vs long-term policies, the deferred period, benefit amounts, how employer and personal policies are taxed, and why the self-employed especially need it.
Everything you need to know about Insurance Premium Tax in 2026 -- standard 12% and higher 20% rates, which policies are exempt, and how IPT appears on your policy documents.
Onshore and offshore investment bonds explained: the 5% tax-deferred withdrawal rule, chargeable events, top-slicing relief, and when bonds beat ISAs or pensions for UK investors.
Income protection pays 50–70% of your salary if you cannot work due to illness or injury. We cover own-occupation vs any-occupation definitions, deferred periods, benefit periods, premiums, and how state benefits interact.
