Hi,
I have a corporate private health insurance scheme with my company, where they pay for my private health insurance. I understand that it is a benefit in kind hence I need to pay tax/usc etc on the total premium.
However, VHI tell me that the annual premium for the scheme is €1,410 but my employer is deducting €134.25 per month (i.e. €1,611). Does anyone know why this might be? Note that my employer deducts this in each month of the year.
Thanks,
Stephen
I have a corporate private health insurance scheme with my company, where they pay for my private health insurance. I understand that it is a benefit in kind hence I need to pay tax/usc etc on the total premium.
However, VHI tell me that the annual premium for the scheme is €1,410 but my employer is deducting €134.25 per month (i.e. €1,611). Does anyone know why this might be? Note that my employer deducts this in each month of the year.
Thanks,
Stephen