Income Protection

Thomas Carroll Independent Financial Advisers offer expert advice on Income Protection schemes.

An income protection scheme is designed to help employers to manage long term sickness absence more effectively. By providing a guaranteed income for employees who are unable to work as a result of illness or injury, an employer can help to support them financially through what can be an emotionally and financially stressful time.

As well as financial support the scheme insurer will offer help and support during rehabilitation and return to work. Some schemes also include an Employee Assistance Programme which provides anonymous counselling to all employees on a variety of family, health and legal matters.

Group Income Protection benefits can be provided in many different forms, often as a percentage of the employee’s gross pay after adjustment for the level of State incapacity benefit. The benefit is paid to the employer who deducts tax and National Insurance before passing it on to the employee.

A scheme free cover limit, available from a scheme containing from 3 members upwards, will allow some members to join the scheme without the need to supply medical information.

Premiums are allowable as a business expense and are not taxable as a benefit in kind from the employee’s point of view.

We would be delighted to review your current arrangements and discuss our Income Protection proposition with you. Whatever the nature of the review, as a Chartered Financial Adviser, you can be assured that we will provide a solution that is based entirely on your needs.

  • Contact Us

    Name (required)
    Preferred Contact Number
    Email (required)
    Preferred Method of Contact
    How can we help?

    Please leave this field empty.

  • About

    Established in 1972, Thomas Carroll is a multi discipline risk consultancy covering business and personal insurance, financial services, health, safety and employment law.
    Read More
  • Mailing List

    Sign up here for exclusive information from Thomas Carroll.
  • Connect With Us

  • Existing Customers

#HappyFriday! We can't wait to attend the #Finance Awards Wales later on where our Finance Manager @5arahLou83 is shortlisted for Financial Controller of the Year. Good luck Sarah! @finawardswales #finawards

About 12 hours ago

Follow Thomas Carroll on Twitter
Thomas Carroll Logo Small Thomas Carroll voted among the UK's 100 best companies to work for in the Sunday Times