E1.1330 Withdrawal of life assurance premium relief
Life assurance premium relief was withdrawn for premiums paid under a policy in respect of which the insurance is made after 13 March 1984. The withdrawal applies to life company and friendly society policies alike, but relief continues to be available where it is given to that part of a payment to a friendly society that relates to a tax exempt life or endowment policy, see E1.1322. Life assurance premium relief is abolished in respect of all policies with effect from, broadly, 6 April 2015 (see E1.1300).
Variation of terms and substitution
Where an insurance is made before 14 March 1984 but its terms are varied after 13 March 1984 so as either to increase the benefits or extend the term, it is treated as made after 13 March 1984 and the premiums paid under it cease to be eligible for life assurance premium relief1. However a variation after 1 December 2001 caused only by the cessation of collecting premiums house to house as a result of the
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