An Individual who pays a premium on a policy to secure the continuance of income and payment of benefits during disablement through accident, injury or sickness.
Conditions to Qualify
The policy must be approved by the Revenue Commissioners as a Permanent Health Benefit Scheme.
Relief Due
The relief is allowed in respect of premiums paid in the year. Only the portion of the contribution or premium that is attributable to the provision of Permanent Health Benefit qualifies for relief.
Where contributions to a qualifying scheme are not deducted from your salary through payroll, the relief will have to be claimed directly from Revenue. In this situation the relief is given by means of an adjustment to your Tax Credit Certificate.
If you have not claimed same, you may be due a refund for the last 4 years, any queries call me on 091 763817 or email me on oliver@taxreturnhelp.ie