Question 31
InsuranceWhich of the following policies qualifies the holder to income tax relief?
- A.Accident insurance
- B.Public liability insurance
- C.Comprehensive insurance
- D.Endowment assurance
- E.Fidelity guarantee insurance
Show the answer and explanation
Answer: D (Endowment assurance)
Explanation
Premiums on life and endowment assurance attract income tax relief.