If you’re lucky enough to be a company director, you can take out an additional 33% to cover your pension contributions.Let’s say your taxable income is €100,000.You can insure up to 75% of this as income replacement = €75,000 and also 33% to cover your pension contributions = €33,000.Depending on the insurer, it will pay €108,000 gross to your company if you make a claim.