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.moneyhelper.org.uk.

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Testimonials

Overall, I found the mortgage advisors easy to talk to and they explained the information in an easy + simple way. They listened to my needs + financial situation and helped find the best deal for me going forward. Obviously, it is annoying that the mortgage payments have gone up. But they helped find the risk solution to manage the situation the most effectively. Hopefully with the mortgage payments have increased. They will stay the same for a prolonged period of time. Thanks.

Adam G.

Thank you, Tina.

Appreciate your help, guidance

Andrew P.

I was recommended Tina from a trusted friend and have found Tina to always have a professional and personable attitude. That means I felt I was in good hands but also that Tina had my best interest in mind. She has been available out of hours if I had any questions and I feel that she has gone above and beyond in securing a mortgage in principle for me when it came to me finding a place to buy. I already have recommended Tina to a friend and would do same again.

Naomi H.

I have been dealing with Tina at Complete Financial Center since 2013. When I was looking to buy a property for myself and my son after my marriage break up. Tine was and still is the best mortgage advisor in the business. I always feel secure in the knowledge that Tina has my best interest at everything she does. Tina continually searches the market to find you the best products available and explains in simple details, the benefits of each product and what financial impact it could have. Over the years, Tina has become more than my mortgage advisor she become a good friend.

Clare B.

I have used Tina & her team on several occasions now, as well as recommending several times to family & friends. On each occasion she has been very efficient & organised. The whole process takes minimal time, & I always feel confident she is getting me the best possible deal.

I would never use anyone else now, as it is clear Tina is the best at what she does!

Hannah M.

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