IPTM2160 - Life assurance premium relief: compulsory purchase of deferred annuities
Relief is available within the limits given in IPTM2170 forcompulsory contributions made by an employee to secure a deferred annuity payable afterthe contributors death for the benefit of a widow, widower or civil partner, ordependent children. The obligation may be statutory or under terms of employment. It issometimes referred to as W&O.
Relief is due in terms of tax at basic rate on the amount of contributions, but issometimes given under net pay arrangements, see IPTM2100.
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