Thursday June 4, 2020

Tax relief offsets medical expenses

If you don’t have private health insurance, or if your insurance does not cover you for a specific treatment or hospital, tax relief on medical expenses can be invaluable.

7th April, 2007

If you don’t have private health insurance, or if your insurance does not cover you for a specific treatment or hospital, tax relief on medical expenses can be invaluable.

You can claim back 41 per cent of the cost of certain medical expenses if you are a higherrate taxpayer. If paying tax at the 20 per cent rate, the benefit is a lot less as you are only entitled to 20 per cent tax relief.

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