Hi,
I have reviewed revenue website however I don't see a clean answer.
So last year I received 500 in Illness benefit, my tax certificate was updated and my tax cutoff has been reduced by 500 and Employee Tax Credit reduced by 100 ( 20% of 500 IB)
This seems to me that I pay 20% tax on Illness Benefit, is this correct or how should it be managed
Thank you in advance for any assistance
I have reviewed revenue website however I don't see a clean answer.
So last year I received 500 in Illness benefit, my tax certificate was updated and my tax cutoff has been reduced by 500 and Employee Tax Credit reduced by 100 ( 20% of 500 IB)
This seems to me that I pay 20% tax on Illness Benefit, is this correct or how should it be managed
Thank you in advance for any assistance