Health insurance BIK confusion

[Scouser]

My company pay my health insurance at €2,400 per year for me and my family, I signed up to the policy in March this year. On my May payslip I had a BIK of €349 added, nothing added in June and now In July is see €274. I am in the high tax bracket and was wondering what I should be seeing monthly come out (or added to my total salary) as BIK? I am paid every 4 weeks, should it not be 2400/13 per month?

 

[ClubMan]

What is the gross premium on your policy documents?
The BIK should be the gross premium divided by 12 months.
Note that you can also claim some tax relief/credit on the premium paid by your employer - but you don't get this automatically.

Medical insurance premiums

This page details tax relief on medical insurance premiums

www.revenue.ie

 

[huskerdu]

You should ask Payroll to explain,
A few things may have happened. THey may pay it monthly , and as you are paid every 4 weeks, there could be a lag betweeen the monthly payments and your pay slip which may explain the gap and the different amounts.

 

[nest egg]

As one other potential explanation, some insurance companies, have issued premium waivers. These can take time to work their way through payroll systems.