Tax allowance for medical insurance

Segilla | 22:40 Thu 20th Nov 2008 | Personal Finance

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I saw a recent tax assessment which showed an amount for this. Buy I thought the current govt.had abolished such relief.

Debt line any advice please?

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buildersmate

You are correct - the cost of premiums for private medical insurance paid for by an employer is a taxable perk and one pays tax on its value.

Segilla

Question Author

Thanks. I was looking at medical insurance from the point of view of one who just about manages to afford the premiums, paid for out of my taxed pension.

buildersmate

Oh yes, that was stopped as well.
http://www.prnewswire.co.uk/cgi/news/release?i d=44712

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