Life assurance premium relief (LAPR) is a United Kingdom taxation rule. It is a tax break that may apply to life assurance policies that provide for a capital sum to be paid on death, where the policy commenced prior to 14 March 1984. It is due in respect of premiums payable under any such life assurance policy issued in respect of an insurance ma...
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A tax relief of 15% on the premiums paid into long-term insurance policies. Applies only to policies... <a target=_blank href='http://www.finance-glossary.com/terms/life-assurance-premium-relief.htm?id=1926&ginPtrCode=00000&PopupMode=false' title='Read full definition of life assurance premium relief'>more</a>
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