Medical Insurance Relief

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If your company pays some, but not all, of your VHI for the year, what does one input into the Revenue Form 12 under Medical Insurance Relief?

Form 12 asks for "Gross amount paid by employer".

Is it gross premium?
Is it net premium? (Amount after 200 EUR tax relief at source)
Is it the amount that the employer paid for you for the year? (sum of BIK for the year)
Is it the amount that the employer paid for you for the year (sum of BIK for the year) plus what you paid for the year (which was also deducted via wages but not BIK'ed)?

Thanks.
 
Hello,

It is the amount that shows up on your last payslip of the year. The BIK amount- this should be the gross Premium before tax relief and it should only be the element that the employer paid. You don’t include any bit you have paid as you have got tax relief on that bit..
 
Thanks.

The figure actually gets auto-changed down to 1,000 EUR after it is input. I guess 1,000 EUR must be the cap.
 
Hello..

So the max tax credit you can get €200 (1,00 x 20%)

So you need to split the premium or the tax relief so that you only claim a max of 200 between the premium you paid personally and the bit your employer paid..


The last example on the attached link should help.. it’s difficult to explain!

[broken link removed]
 
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