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HMRC internal manual

Insurance Policyholder Taxation Manual

HM Revenue & Customs
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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 contributor’s 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.

Further reference and feedback IPTM1013