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Life assurance premium relief is abolished in respect of all policies with effect from, broadly, 6 April 2015 (see E1.1300).

Relief is given under ICTA 1988, s 266(2) for premiums on a policy of insurance or on a contract for a deferred annuity which fulfils specified conditions. The relief is not dependent upon the making of a claim. The insurance or contract must be on the life of an individual or on the life of his or her spouse (or, from 5 December 2005, civil partner¹) and made by either of them².

Relief is granted where there is a policy on the joint lives of husband and wife (or civil partner), but no relief is available in the case of any other joint policies. This point was considered in Wilson v Simpson³ where there was a policy on the joint lives of two directors and one of these directors sought relief on his half-share of the premium. It was decided that this was not an assurance made by him on