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Inheritance Tax Insurance/Section 72 Life Insurance

  • 18-09-2019 2:09pm
    #1
    Talitha
    Registered Users Posts: 4 ✭


    Hi, does anyone have any experience, knowledge or opinions on Section 72 life insurance policies, I believe they are policies that cover inheritance tax liabilities? They have come up for discussion amongst my family recently and I would be interested to hear opinions on them.


Comments

  • #2
    gwalk
    Closed Accounts Posts: 1,107 ✭✭✭gwalk


    Google is your friend

    very easy to find this out


  • #3
    Talitha
    Registered Users Posts: 4 ✭Talitha


    Thanks for your reply. I have found information about them, but I'm interested in hearing of anyone's personal experience or opinions on them.


  • #4
    thomasm
    Registered Users, Registered Users 2 Posts: 1,503 ✭✭✭thomasm


    Speak to a Certified Financial Planner. Not a topic to rely on advise from here on.


  • #5
    Leprechaun77
    Registered Users Posts: 498 ✭✭Leprechaun77


    Talitha wrote: »
    Thanks for your reply. I have found information about them, but I'm interested in hearing of anyone's personal experience or opinions on them.

    As a concept, an approved Section 72 life insurance policy is always a more tax efficient way to provide a lump sum to pay a CAT liability on death....the trickier bit can be working out the liability if the likes of a business or farm is involved as there are huge reliefs available here.


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