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Health insurance paid by your employer

Health insurance paid by your employer

Health insurance paid by your employer (as a benefit-in-kind)

Your employer may choose to pay medical insurance to an approved insurer for you or your family as a benefit-in-kind. If they do, you will:

  1. be taxed on the gross value of the policy or policies
  2. need to claim medical insurance claim tax relief from Revenue as it was not given at source.

Use myAccount to claim the credit(s) if your employer pays medical insurance relief for you or your family. You can make a claim during the year or after the year has ended.

Making a claim during the year:

  1. click the ‘Manage your tax’ link in PAYE Services
  2. select ‘Claim tax credits’
  3. select ‘Medical Insurance Relief’ under the category ‘Health’.

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

 

 

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