Business Property Relief

Hi everyone, I am taking a bit of a different approach with some of the upcoming podcast episodes and I hope that you find it useful. I am going to take specific protection insurance products and do a summary of how they work and what to look out for as an adviserThe first one is focusing upon insurance for Business Property Relief. In this episode I am explaining what BPR is and why it’s so important that we look out for it, as some people might have wandered into an arrangement that could potentially have this tax benefit without even realising it.The life insurance side of things is quite simple, but that can be where the biggest danger comes from. Life insurance at 40% of the share value over 2 years, pretty easy right? Yes and no, and I am taking you through what you need to know.The key takeaways:Purchasing business shares that can qualify for business property relief can be a good option for a person’s full financial plan.A case study showing how to arrange life insurance to protect against the loss of business property relief.Make sure that you get the life insurance Trust right or you can lose the tax benefits linked to business property relief.Next time Matt Rann will be back with me and we will be talking about arthritis and what this means for your life insurance, critical illness and income protection options. Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.

Om Podcasten

When you set out to get things like life insurance, critical illness cover or income protection, many people do not think that they are going to hit any snags along the way. But! Insurance is a world of risk and there are times that a persons circumstances will make insurers sit back and have an extra think about offering the insurance. Why?! This podcast is designed to answer that why. Kathryn Knowles is joined by guests to bring a clear and open chat about how insurance works. Kathryn brings her experience as a "quirky" life and the voice of the consumer to the discussion. She does this alongside her work as a specialist adviser, who is known for insuring the uninsurable.