Tax Relief for Permanent Health Insurance Policies

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.

Tax Relief Due
The tax relief is allowed at your highest tax rate and in respect of premiums paid in the year subject to a maximum claim equal to 10% of income.

However any benefits paid under these policies are taxable under PAYE rules.