Tax Relief On Life Assurance In Ireland

As most people will know Life Assurance is a very important product should the unexpected happen.  If the main earner in a household were to die all the same bills would still have to be paid (insurance,  school fees,  food shopping, telephone etc).

Pension Life Assurance is a great way to obtain great value for money cover.  A few points below summarise the product:

–          Available if you are self employed of in non pensionable employment (Pay tax under PAYE, is not in a company pension plan)

–          Term of 5 to 40 years

–          Eligible for tax relief at an individual’s marginal rate.

–          Life Cover is subject to Inheritance Tax. Inheritance Tax does not apply where the benefit goes to the clients spouse

For a male 30, non smoker requiring cover of €500k it will cost circa €23.30 (assumes retirement at age 60 and relief at 41{7bd3c7ad8bdfca6261de5ca927cd789e17dbb7ab504f10fcfc6fb045f62ae8d5})

Quotes are not currently available online but if you email with your age, smoker status and cover required we will revert with a quote within 12 hours. You can also check out our pensions page and contact us from there.

Please note that the information above is only relevant to Irish pension customers and tax payers based in Ireland.

About was founded in August 2009. is a trading name of PFP Financial Services Limited.

We provide a wide variety of Financial Services and Insurance products at fantastic discounts to Irish internet users.

SmartQuotes is an independent online ‘Irish owned’ insurance provider regulated by the Financial Regulator. We are members of the Professional Insurance Brokers Associations and carry Professional Indemnity Insurance.

You can also rest assured that we work with some of the biggest names in the industry like Canada Life, Zurich and Hibernian Aviva to name just a few.

All figures are correct at the time of publishing. These figures are for illustrative purposes only. If financial advice is required you should contact SmartQuotes (trading name of PFP Financial Serivces Lmited)

Our Team

Paddy Mahony – Director
Paddy received a Bachelor of Commerce degree from University College Dublin in 2002.  Subsequent to this Paddy trained as a Chartered Accountant with KPMG, Dublin. Paddy qualified as a Chartered Accountant in 2005.  During his time at KPMG Paddy worked with some of the largest Irish private and public companies as well as a large number of multinational companies.

In 2006 Paddy joined Corless & Associates as Group Financial Controller. He co- founded PFP Financial Services Limited which trades as in August 2009.

Andrew Nevin –  Director
Andrew has 10 years experience in the area of pensions, investments, commercial finance and risk planning.

He is a Qualified Financial Adviser and a Member of the Life Insurance Association and Institute of Bankers in Ireland. Andrew joined Corless and Associates in 2004 as Financial Services Manager and was involved in all aspects of Financial Services.

He worked previously with New Ireland Assurance Legal a leading company in the area of financial planning.

He co-founded PFP Financial Services Limited which trades as in August 2009.–>

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