Income Protection

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Income Protection Insurance

If you're unable to work because of illness or injury, under an employers group sickness scheme (Group IPI) salary is continued but is subject to tax and NI in the usual way.

The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.

Long-term income repayment policies usually come into play between the time when your employer stops paying sick pay, and when you collect your pension.

Shorter-term policies tend to be used to protect a mortgage, bank loan or other payment. These usually commence within a few weeks but stop entirely after 12 months or 24 months. Short-term policies often include unemployment and redundancy, unlike longer-term income protection cover which does not .

Income Protection Insurance only applies to products which pay you an income if you become unable to work due to sickness or injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.

We will happily explain this in more detail to you.

THERE ARE OTHER PROVIDERS OF PAYMENT PROTECTION INSURANCE [Short-Term Income Protection] AND OTHER PRODUCTS DESIGNED TO PROTECT YOU AGAINST LOSS OF INCOME. FOR IMPARTIAL INFORMATION ABOUT INSURANCE, PLEASE VISIT THE WEBSITE AT www.moneyadviceservice.org.uk.

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Testimonials

We received the most amazing services. From viewing the house to completion only took 4.5 weeks, totally amazed !

Tina was great with her recommendation and advice and Claire was Super Support. We were constantly updated as to what was happening, and informed of any further progress. The recommended solicitor was great and so lovely to work with. Thank you Tina & Claire for everything. Totally recommend you to anyone needing help.

Brian & Michelle W

Tina and Claire have supported us with another mortgage application and we have again, been very impressed with the high quality service we received. Tina was very inforative when explaining details of the product we were applying for. She took lots of time to ensure the product was right for us and that we understand fully. Claire was always very resonsive to our questions and queries that are throughout the process.

We are very grateful for the advice we received and for enabling us to get this product so that we could move to our new home. A very friendly service, we would highly recommend to friends and family.

Scott C and Charlotte L

Tina has provided an excellent service on countless occasions on my Property Portfolio has evolved in recent years.

She and her team are diligent and work hard and profesionally to find the right deals available in the market at the time required.

I have no hesitation in recommending Tina and her team at Complete Financial Centre.

Stephen and Susan W

Tina and Claire provide a professional service and take the time to ensure that they can seek out the best options.

They provide good advice on the options so that we were able to select the most efficient product to suit our needs.

Thanks

Viral and Rajul M

I wasn't even sure I was eligible for a re-mortgage after my bank rejected my previous enquiries on the matter

Tina, who dealt with my request was extremely helpful and walked me through every step of the process as clearly as possible and made the entire re-mortgage as stress-free and ultimately cheap as possible.

Thank you so much ! I'm extremely thankful !

Kieren W

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