Can You Get Tax Relief on Income Protection?
You took out an income protection policy to cover your back if you’re ever too sick or injured to work—and that was a solid move. But here’s something you might not know: you can claim tax relief on your premiums and save yourself a decent bit of money every year.
Many people in Ireland miss this entirely, and as a result, they end up paying more than they should for their income protection. The good news is, once you know how it works, it’s simple to sort. Here’s what you need to know to start saving and put some money back in your pocket.