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Claiming back Medical insurance relief

  • 22-07-2014 1:50pm
    #1
    whomitconcerns
    Registered Users, Registered Users 2 Posts: 4,396 ✭✭✭


    So....i just discovered I am owed back 20% of my premium paid for medical insurance from the tax man, due to it being paid by my company for me...

    Only problem is I can only claim last 4 years according to the form. Anyone know if there is a way to claim for previous 3 years, its not huge money but prob 600-700 euro and could do with it!

    Thanks in advance!


Comments

  • #2
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    whomitconcerns wrote: »
    So....i just discovered I am owed back 20% of my premium paid for medical insurance from the tax man, due to it being paid by my company for me...

    Only problem is I can only claim last 4 years according to the form. Anyone know if there is a way to claim for previous 3 years, its not huge money but prob 600-700 euro and could do with it!

    Thanks in advance!

    Unfortunately not. The 4 year rule is quite strict it would seem.

    http://www.revenue.ie/en/personal/tax-refunds.html#section6


  • #3
    whomitconcerns
    Registered Users, Registered Users 2 Posts: 4,396 ✭✭✭whomitconcerns


    thanks....I cant believe I never knew about this!!! I mean 200 a year!!! lesson learned!


  • #4
    bizhelp77
    Registered Users, Registered Users 2 Posts: 9 ✭bizhelp77


    Is this for any policy, any company?


  • #5
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    bizhelp77 wrote: »
    Is this for any policy, any company?

    http://www.revenue.ie/en/tax/it/reliefs/medical-insurance.html#section2


  • #6
    TheNewMe
    Registered Users, Registered Users 2 Posts: 44 ✭TheNewMe


    Are you sure you are owed the money by the taxman and not the other way around ?

    I have had employers who paid my medical insurance premium and I had to pay benefit in kind tax of 20%. The tax relief is at source so I never see it as it's factored into the premium but I have had to pay the tax myself sometimes when it wasn't deducted automatically.

    Make sure you know for sure before you wake the sleeping dog :)


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