Health insurance tax relief question

RedXIV · 06-01-2022 11:59am #1

Hi folks,

Looking for a little help on this because I keep getting turned around in the process.

I changed jobs in April 2021, in both jobs I had/have health insurance paid for me by the employer.

When I changed jobs, I added the rest of my family to the health insurance at a cost of about ~5k per annum.

I was told there is some tax relief I can claim from the revenue and when I went to look at this, they had me down as having 1K credit already.

Is this all done automatically by the employers? Should I be changing this because of the extra paid for the family?

Cheers, appreciate the help!

relax carry on · 06-01-2022 6:13pm

https://www.boards.ie/discussion/2058226210/health-insurance-tax-relief-question

Yes. The 1000 figure translates to 200 euro tax relief for a single individual. You can claim for addional relief when you submit your 2021 tax return

Details in the link below. Scroll down to the employer ptovided section.

https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/health-and-age/medical-insurance-premiums/index.aspx

gazzaman22 · 07-01-2022 11:10am

Hello,

My Mam always pays my Health insurance VHI, She is 80 and always insists on doing it for me. We are named on the one policy.... I'm just after realizing that if i pay the health insurance(3,300 for both of us) can i get tax relief? (how much is it worth on 3,300?) and if so, how do i get it. I presume i'd need to show the debits coming from my account.

Also if i let mum continue to pay it does she get any tax relief from it? i know she doesnt work but does it give her any relief currently would you know?

Many thanks

relax carry on · 07-01-2022 12:24pm

https://www.boards.ie/discussion/comment/118432176#Comment_118432176

As you or your Mum would be paying for it privately just like majority of people the tax relief is already applied at source. That means the policy is sold with a the tax relief taken into account. You can see that on premium statement.

Where employers buy health insurance for their employees as a benefit in kind the employee has to usually look for the tax relief manually as it shouldn't be applied at source.

gazzaman22 · 07-01-2022 1:37pm

https://www.boards.ie/discussion/comment/118432645#Comment_118432645

Yeah but i'm wondering, Where at source is the relief being applied. My mum is 80 so isn't working.

ari101 · 07-01-2022 1:52pm

The insurer charges private people less than they charge companies. Most people never realise they are getting tax relief, as they just quoted and pay the lower price. 'At source' means it is reduced before you pay so there is nothing to claim back.

relax carry on · 07-01-2022 2:17pm

https://www.boards.ie/discussion/comment/118433177#Comment_118433177

The price paid for the premium is nett of tax relief. Otherwise the premium would cost you more.

Health insurance tax relief question

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