Revenue Permanent Health Insurance

Permanent health benefits phb your employee may contribute to a revenue approved phb plan.

Revenue permanent health insurance. There are schemes often referred to as income continuance plans which continue paying you during this absence. Part 15 01 10 relief for contributions to permanent health benefit schemes. You may run an in house medical plan which your employees contribute to and make claims from. Permanent health benefit you may become absent from work due to illness or injury.

This provides them with pay if they are out sick or injured from work. Where you make no contribution to this plan it will not be considered a benefit in kind. If the policy does not have revenue approval the total premium you pay is a benefit in kind. There is no relief for universal social charge usc or pay related social insurance prsi.

If you pay into such a scheme you may claim tax relief under certain conditions. They may claim tax relief in respect of the contributions paid. Tax treatment of benefits received under permanent health benefit schemes section 125 taxes consolidation act 1997 this manual is currently unavailable as it is being updated.