Company Plans

Taxation

Premiums paid by the Employer qualify as a deductible business expense for tax purposes. Benefits received by an Employer are treated as a taxable trading receipt. Benefits passed to an Employee by the Employer are deductible for tax as with any normal remuneration. Benefits received by the Insured are treated as normal taxable income and are assessed for income tax under the PAYE system.

Premium Protection cover

The plan can (if insured) pay, in addition to the Income Benefit, an amount being the Normal Annual Contributions to an Exempt Approved Scheme of the Employer. This amount is subject to an overall maximum of 33.34% of salary or €40,000(whichever is lower) AND is included in maximum Benefit Limit of €175,000 per annum.

 

Address

 73 Lower Leeson Street Dublin 2

  +353 (1) 6601 016

  +353 (1) 6642 988

Location

maplinkmapto

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