Wednesday May 27, 2020

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

11th February, 2018
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, with a...

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