Health insurance
If you have health insurance, you can get tax relief on the premium you pay to an approved insurer.
You do not need to claim the relief – it is given as a reduction in the amount of the insurance premium you pay. This is known as Tax Relief at Source (TRS).
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It has nothing to do with your earnings or your income tax position.my VHI policy for the family is due for renewal shortly , however i am retiring in December but not drawing down my pension just yet.
Does that mean i just let VHI know this and pay the full premium amount to VHI as the tax relief at source is now NA??