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Health Insurance Allowance

  • 10-01-2018 4:52pm
    #1
    budhabob
    Registered Users, Registered Users 2 Posts: 4,985 ✭✭✭


    Hey all,
    Just wondering, If offered an allowance for healthcare cover, is it taxable - I assume yes?
    thanks in advance.


Comments

  • #2
    joseph_a_f
    Registered Users, Registered Users 2 Posts: 13 ✭joseph_a_f


    budhabob wrote: »
    Hey all,
    Just wondering, If offered an allowance for healthcare cover, is it taxable - I assume yes?
    thanks in advance.

    If your employer is paying your medical insurance policy for you, it will be put through payroll and paye tax, usc etc. will be deducted in the normal manner. There is a tax credit for medical insurance relief you can then claim towards this. You can claim this from Revenue.


  • #3
    jeepcj
    Registered Users, Registered Users 2 Posts: 174 ✭✭jeepcj


    My employer gives me so much a month towards my private insurance, it is considered as income so I have to pay tax on it.


  • #4
    budhabob
    Registered Users, Registered Users 2 Posts: 4,985 ✭✭✭budhabob


    jeepcj wrote: »
    My employer gives me so much a month towards my private insurance, it is considered as income so I have to pay tax on it.

    Cheers folks. Ya, think this is my situation


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