07/12/2011 - LAPR To Finally Go
LAPR To Finally Go.
Under the current rules, UK residents who pay regular premiums under life insurance policies issued before 14 March 1984 are entitled to income tax relief of 12.5% of the premium. The government has previously removed similar relief for policies issued on or after 14 March 1984.
It is estimated the removal of this tax relief will save the Treasury an estimated £5m in 2015-16.
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