So, what is income protection? Income protection pays out an income if you're unable to work because of Accident, Sickness and/or Unemployment. Income Protection aims to replace any income which would normally be earned prior to Accident, Sickness or Unemployment. Any benefit which is paid out under an Income Protection plan is tax free.

Income protection is particularly important for those who are self employed or work on a contract basis. How will mortgage commitments
Living expenses, cars, loans or any other monthly commitment be paid
with no regular income in the event of being unable to work??

Generally it is possible to claim a maximum benefit of 65% of your gross (before tax) monthly income.

Money Plan-it has a large selection of Income protection products from quality providers, catering for all needs. We can put in place a short term policy which will pay out for a maximum of 12-24 months or alternatively a longer term plan which will pay out if need be to retirement age.

To discuss the finer details of Income Protection or to obtain a quick quote, please call us on 01224 594503 or email: info@moneyplan-it.co.uk