How would you pay for your regular outgoings if you were unable to work because of an accident or sickness?
Would you have enough savings to cover all your bills?
If not, you should think about Income Protection, a policy which pays a monthly benefit if you are off sick. It gives you income until you return to work, or until your retirement, depending on the severity of your sickness.
If you get company sick pay for example for 1 or 6 months, you can have a policy that will start after this time, to ensure your monthly premiums are kept at a minimum.
It is affordable and easy to arrange, and payments are currently tax-free under existing tax laws, making it an ideal solution to cover yourself and give your family peace of mind.
Tax planning is not regulated by the Financial Conduct Authority.