Deeds of Covenant

Covenants that qualify for relief

Covenants to certain individuals qualify for tax relief. You can claim relief on covenants to:

  • One or more adults aged 65 or over. The relief you receive is restricted to 5% of your total income.
  • Permanently incapacitated minors. A minor is a person under 18 years of age who is not married or in a civil partnership. You cannot claim tax relief on covenant payments you make to your own incapacitated child.
  • Permanently incapacitated adults.

A Deed of Covenant must last for more than six years to qualify for tax relief. We recommend that you make a covenant that lasts for a minimum of seven years.

Next: Making a Deed of Covenant