Private Medical insurance Ireland taxation

Private Medical insurance Ireland taxation

Those who privately purchase individual health insurance policies will automatically get tax relief on their premiums through a system called Tax Relief at Source or TRS. This system reduces the premium owed by the amount of tax relief due upfront, so eligible consumers need not independently claim the tax relief.

You should have already got the tax credits and you can confirm with Laya that the premium quoted and paid were already discounted since this was an individual owned policy.

But since XML eventually is paying this to you – our payments need to be via payroll; we incorrectly declared these as Benefit and now corrected this as an allowance – either was these will be taxed as XML is paying this.



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