Dependent relative tax credit The tax acts provides that an individual may claim a tax credit if he or she maintains a relative or a relative of his/her spouse or civil partner at his or her own expense. The income of this relative must not exceed a “specified amount” of €15,740 for the year of…
Medical insurance policies paid by employers (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: be taxed on the gross value of the policy or policies need to claim medical insurance claim tax relief from Revenue as it was…
Permanent Health Benefit contributions You might take part in a scheme to have your income continue if you are absent due to illness or injury. The schemes, also known as income continuance plans, can be: group schemes or individual policies, and will have a Revenue registered number approved or unapproved by Revenue as Permanent Health…
