Tax Credits & Reliefs >> Tax Relief for Permanent Health Insurance Policies

Tags: PHI policies, tax deductions, tax relief

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 subject to a maximum claim equal to 10% of income.

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