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Level of Income Benefit Required |
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Insurance companies limit the amount their will pay as a tax-free claim to 50% of salary (+ state benefits (£3,690 per annum)) or 65% of salary (- state benefits ). The reason for this policy is that insurance companies feel that claimants will have a greater incentive to return to work if they ‘earn’ less than their pre-disablement income whilst claiming benefit.
1 Click (UK) Limited is an appointed representative of Sage Financial Services Limited which is authorised & regulated by the Financial Services Authority.
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