When it comes to cashback, it pays to keep your medical receipts

It only takes a few minutes to claim what you’re owed from private health insurers and the taxman

Laser eye surgery is covered under the medical tax relief scheme Pic: Getty

Paperwork might be tedious, but hanging on to old receipts can pay off.

If someone offered you a tenner, would you take it? Well, the taxman does. For every €50 you spend on qualifying medical expenses, you can claim a tax refund of €10. Does taking the time to dig through old receipts sound more appealing yet?

Tax relief on medical expenses is typically granted at the standard rate of 20 per cent, ...