Frequently asked questions - RNPFN

What is Life Assurance Premium Relief and how does it affect my policy?

Answer

Her Majesty’s Revenue and Customs (HMRC) pays Life Assurance Premium Relief (LAPR) of 12.5% of the yearly premium for most qualifying life insurance policies taken out before 20 March 1984 and Moneybuilder policies issued by RNPFN after this date. Government has now decided it will be stopped for future premiums. For all policies this means that premiums paid from 6 April 2015 will no longer benefit from LAPR.

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