Income Protection Calculator
Our income protection calculator works out the right level of cover. Income protection pays 50-70% of pre-illness income tax-free until you recover, retire, or the policy term ends.
Income Protection Calculator
Calculate how much income protection insurance you need if illness or injury stops you from working.
Estimates are indicative. Income protection premiums vary by insurer — always compare FCA-regulated policies.
Enter your monthly gross salary. Income protection pays a percentage of your pre-incapacity earnings — typically 50-70%, with 60% being the most common. The deferred period is the waiting time before the policy pays: four weeks, 13 weeks, 26 weeks, or 52 weeks. Aligning the deferred period with your employer’s sick pay period means the policy starts exactly when your employer sick pay ends, avoiding overlap. Age significantly affects premium — the earlier you take out cover, the lower the rate for the chosen level of benefit. Benefit is paid tax-free if you personally pay the premiums. Compare the monthly cost against the consequence of being unable to work for six months, one year, or longer — the risk assessment tends to support the cost of cover for most employed workers with dependants.