BIK on PHI?

B

bluebean

Guest
hi all,

Just wondered if there is BIK implications for permanent health insurance? If so, what way does it work if the person themselves are paying the PHI, but the company intends giving them a cheque towards some of it?
Many thanks
 
Is [broken link removed] of any help? Coincidentally I'm actually trying to figure out the details of this myself right now!
 
I've been informed by a reliable source that, as per the link above, approved PHI schemes give rise to no BIK implications for the individual employees and that, in most cases, PHI providers already have prior approval for their schemes from Revenue.
 
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