Pension term insurance for those in non-pensionable employment

J

JimmyB99

Registered User
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Two basic questions!

If someone who was previously in non-pensionable employment took out life cover to age 70 under a pension term policy, can they continue to pay the premiums of this policy if they retire (say at age 62)?

Secondly - if their income in retirement is from rent, annuities and ARFs, presumably such income does not qualify as NRE and so no tax relief is available on the premiums?

Thanks in advance.
 
Fair play. Thanks Dave. My sister told me about her policy with a "this is ok, isn't it?!"

I figured it was but as I was driving away I started completely second-guessing myself!
 
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