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Can I claim tax relief on Health Insurance?

If the Medical Insurance is under the company name the company does get tax relief, however, the director would be liable for personal tax as it would be seen as a benefit in kind and would need to be declared on a P11D form.

Unless there is an advantage for using a company scheme ie. there were a number of people under the scheme and therefore gaining a group discount it would be better having it as a personal policy under the director's name.

If you wish to record this expense in Crunch, remember to select the expense type 'Employee Costs > Medical Insurance Contributions'.

If you are claiming for medical insurance whilst working abroad the expense should be entered as 'Employee costs > Staff Welfare'.

Last Updated: 14 Nov 2019 01:03PM GMT
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