Health cover at work - Tax question..

Admiral Huddy · 30-01-2009, 17:37

Does anyone know what amount the IR add to your tax code for having family health cover?

I can't find anything.

Thanks

borris · 30-01-2009, 17:47

It's taxable as a benefit in kind, isn't it (i.e. it counts as income)? The amount that is taxable should be on a form P11D.

Taxationweb usually covers this sort of thing.

Mark · 30-01-2009, 20:02

Borris is correct. I don't need taxationweb - my P11D is sufficient.

And for the uninitiated in the ways of the taxman, 'benefit in kind' means you get taxed as if the employer had paid the cost of the insurance in your salary - so if you're a higher-rate taxpayer, expect to get raped and pillaged, as usual.

Admiral Huddy · 04-02-2009, 15:33

Any idea roughly how much we are talking about as a HR tax payer? We have been offered a new scheme and I'm wondering if it's worth the tax tbh.

Mark · 04-02-2009, 20:03

Have they told you the scheme costs? Is if just you, or are you including family? Without this information it's going to be guesswork.

30-01-2009, 17:37	#1
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	Health cover at work - Tax question.. Does anyone know what amount the IR add to your tax code for having family health cover? I can't find anything. Thanks __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log

04-02-2009, 15:33	#4
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	Any idea roughly how much we are talking about as a HR tax payer? We have been offered a new scheme and I'm wondering if it's worth the tax tbh. __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log

30-01-2009, 17:47	#2
borris Nice weak cup of Earl Grey Join Date: Jan 2009 Posts: 8	It's taxable as a benefit in kind, isn't it (i.e. it counts as income)? The amount that is taxable should be on a form P11D. Taxationweb usually covers this sort of thing.

30-01-2009, 20:02	#3
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Borris is correct. I don't need taxationweb - my P11D is sufficient. And for the uninitiated in the ways of the taxman, 'benefit in kind' means you get taxed as if the employer had paid the cost of the insurance in your salary - so if you're a higher-rate taxpayer, expect to get raped and pillaged, as usual.

04-02-2009, 20:03	#5
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Have they told you the scheme costs? Is if just you, or are you including family? Without this information it's going to be guesswork.