Income Tax - Permanent Health Insurance.

Tax Relief - Permanent Health Insurance

Tax relief is available at your higher rate of income tax on amounts that you pay for permanent health insurance. This is insurance against loss of income in the event of illness.

From 6th April 2001, these premiums have moved to a "net basis". This means that these payments now reduce your income that is liable to payments of PRSI.

The relief is available as follows:-

Permanent Health Insurance
Tax Relief =	Insurance Premium paid in tax year x your highest tax rate*
Income Tax Rates - 2007 = 41%/20% - 2001 to 2006 = 42%/20% - 2000/2001 = 44%/22% - 1999/2000 = 46%/24% Example:* John pays a premium of €2,000 for health insurance on the 5th May 2007. He pays sufficient tax at the high rate. His relief is €2,000 x 41% = €820 for 2007. Contact your local tax office for more details.

Back to Calculate My Tax: 2007
Back to Calculate My Tax: 2006
Back to Calculate My Tax: 2005
Back to Calculate My Tax: 2004
Back to Calculate My Tax: 2003
Back to Calculate My Tax: 2002
Back to Calculate My Tax: 2001
Back to Calculate My Tax: 2000/2001
Back to Calculate My Tax: 1999/2000