Income protection – tax relief Premiums paid under a permanent health insurance scheme ( also known as income protection ) are allowed as deduction for income tax purpose. The amount on which relief is granted cannot exceed 10% of your total income. Where contributions to a qualifying scheme are not deducted from your salary through…
PRSI Voluntary contributions Voluntary Contributions are PRSI contributions you can opt to pay if you are between the age of 16 and 66 and are no longer covered by compulsory PRSI by way of employment or self-employment. Payment of Voluntary Contributions can help maintain or improve your contributory pension entitlements. They do not provide cover…
Is there a time limit for making a claim for medical expenses? Yes. A claim for tax relief must be made within 4 years after the end of the tax year to which the claim relates. Therefore, to claim for the year 2012 you must submit your claim before the end of the year 2016.…
