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PH1 cert - tax relief

rosemalin · 2011-10-28 13:56:00

Hi I have a personal income protector policy with Irish life. Today I received a Permanent health cert (ph1(86) from them with a letter that states I can send the cert to the Inspector of taxes for tax relief. I pay €37.35 per month. What kind of tax relief can I expect to get for this?

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28-10-2011 2:56pm

#1

rosemalin

Registered Users Posts: 39 ✭

Join Date: December 2008

Posts: 14

Hi
I have a personal income protector policy with Irish life. Today I received a Permanent health cert (ph1(86) from them with a letter that states I can send the cert to the Inspector of taxes for tax relief.

I pay €37.35 per month.

What kind of tax relief can I expect to get for this?

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#2 28-10-2011 7:16pm
Pablo Sanchez

Closed Accounts Posts: 1,207 ✭✭✭

Join Date: May 2008

Posts: 1136

You will receive tax credits at your marginal rate of tax, ie if your a lower rate tax payer this will be 20%, higher rate tax payers get 41% of each premium.

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