Permanent Health Insurance
Who can Claim?
An Individual who pays a premium on a policy to secure the continuance of income and payment of benefits during disablement through accident, injury or sickness.
Conditions to Qualify
The policy must be approved by the Revenue Commissioners as a Permanent Health Benefit Scheme.
Relief Due
The relief is allowed in respect of premiums paid in the year. Only the portion of the contribution or premium that is attributable to the provision of Permanent Health Benefit qualifies for relief.
From 6/4/2001 a Net Pay Basis applies to premiums paid by PAYE taxpayers to Approved Schemes. i.e.: The contributions will be deducted from gross pay before tax is calculated.
Where contributions to a qualifying scheme are not deducted from your salary through payroll, the relief will have to be claimed directly from Revenue. In this situation the relief is given by means of an adjustment to your Tax Credit Certificate.
PAYE Anytime
If relief is not given by your employer through a "Net Pay Arrangement", you can claim this relief using our PAYE Anytime service. For further information please see: PAYE Anytime.
Reference Material
S.471 TCA 1997