The SME Benefits Plan

The SME Benefits Plan has been designed specifically to meet the needs of business owners and the self-employed. It provides you and your family with the safety net you need to protect your health, your income and your family. The following optional benefits can be tailored to meet your individual circumstances and needs.


A Replacement Income

If you’re unable to work due to serious ill-health, this will likely impact on your business as well as your personal finances. A suitable Income Protection plan can be arranged to provide you with a replacement income in such circumstances, for anything up to 70% of your earnings. This can help you to meet your monthly financial commitments until such time as you are fit and able to return to work, or until you reach your retirement age, whichever occurs soonest.


A Tax-Free Lump Sum

Payment to your financial dependents in the event of your premature death. The loss of a breadwinner in any family will have serious consequences for those left behind. In addition to the emotional suffering, this can cause financial hardship due to the loss of family income. A suitable Life Assurance policy can be put in place to provide your loved one’s with ongoing financial security and peace of mind. Benefits can be arranged in the form of a tax-free lump sum payment or a regular income. 


Private Medical Treatment

With the NHS under increasing pressure, if your health suffers and you need medical treatment, relying on the NHS could cause delays to your recovery and unnecessary disruption to your business. Private medical cover can be arranged so that instead of waiting on the NHS, you get prompt referral to a specialist consultant, quick access to a private hospital and treatment at a time that suits you. This can help you get back to health and back to work with the minimum of disruption to your business and life.