{{Use British English, date=January 2015
Life assurance premium relief (LAPR) was a
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
taxation rule.
It is a tax break that may apply to
life assurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
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 made before 20 March 1968. For such policies entered into between 20 March 1968 and 13 March 1984, the policy must also be a qualifying policy. "Qualifying policy" is defined in Schedule 15 of the Income and Corporation Taxes Act 1988.
HMRC planned to abolish LAPR from 6 April 2015Life Assurance Premium Relief (LAPR): Repeal /ref>