Hi
I'm completing my 2011 Form11e (because I have rental income)
And there's a question I'm struggling with:
525. Medical Insurance Premiums - Paid by your employer
a. Gross premium
b. Amount of age -related tax credit in respect of this premium
c. Amount of any contribution made by you
The VHI is about 2000 and in my payslip I can see 90 BIK
The VHI covers the family 2 adults 2 children
Does this mean it's already treated in my PAYE and I can ignore?
If I put 2000 in (a) will I get my deserved tax credit ?
What should I put in (c) assuming I am paying something towards the VHI for wife and 2 kids
Mostly I don't want to put in the wrong thing and for the final balance to create a tax bill. Will (a) increase my credits? Will neither figure cause my tax to increase?
Thanks