Skip to content Skip to footer site map

​Removal of Life Assurance Premium Relief (LAPR)

  • Mar 25, 2015

25th March 2015
LAPR is an Income Tax relief of 12.5%, paid by the UK Government, on regular premiums paid into qualifying life insurance policies issued on or before 13th March 1984.
With effect from 6th April 2015 the UK Government will stop paying LAPR, following its abolition in the Finance Act 2012.

What this means for eligible Plans
If a Plan is eligible for LAPR Plan payers are currently paying a proportion of the premium and the Government is paying the balance in the form of LAPR.
From 6th April 2015 planholders or Plan payers will be responsible for paying the entire premium.

  • For Plans where premiums are collected by Direct Debit there is no need for payers to take any action, we will automatically collect the new amount from 6th April 2015.
  • Where premiums are paid by standing order, payers will need to contact their bank to change their standing order to the new amount from 6th April 2015.
  • Where premiums are paid by cheque, we will adjust the renewal notices we send to payers from 6th April 2015 to show the new amount.
  • Where premiums are collected by a salary deduction there is no need to take any action.  We have contacted employees HR Depts. to amend planholder’s salary deductions from 6th April 2015.

Customer’s requiring any further information should contact Customer Services by telephone on 0333 600 0333, or by email via

Ready to take the next step? Transfer to our Junior ISA now