Commentary

E1.554 Exemption from charge to income tax for health and employment insurance payments

Personal and employment tax

E1.554 Exemption from charge to income tax for health and employment insurance payments

E1.554 Exemption from charge to income tax for health and employment insurance payments

A policy insures against a health risk if it insures against a physical or mental illness, disability, infirmity or defect or worsening thereof. A policy insures against an employment risk if it insures against an individual ceasing to be employed or hold office, or carry on a trade, profession or vocation1.

Exemption from income tax is given to the insured for benefits received under such insurance policies. The exemption extends to the insured's spouse or civil partner, a child under twenty one of either of them,

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