My employer currently provides income protection for its employees but not sure I will be working there forever and I'm minded to arrange my own income protection cover so I have certainty and am not reliant on my employer to cover me throughout the remainder of my career.
Leaving aside the added expense, is there any sound reason preventing me from doing this? Will it have any impact on the eligibility for tax relief? Currently I do not have any tax credits allocated towards the employer's policy.
Leaving aside the added expense, is there any sound reason preventing me from doing this? Will it have any impact on the eligibility for tax relief? Currently I do not have any tax credits allocated towards the employer's policy.