Hi,
I have recently switched to a perm position. As part of the package, there is a private health insurance included.
This is what I received today:
I got in touch with the HR but they weren't clear on that either:
Does it mean this tax benefit would reduce my annual free allowance? Since I have to do my self-assessment every year, wouldn't that mean I would have to pay more personal tax?
Many Thanks,
Houman
I have recently switched to a perm position. As part of the package, there is a private health insurance included.
This is what I received today:
The company will pay for you and any dependants that you may wish to include on the plan but you will pay the tax on those premiums at your appropriate level. The monthly premium for you is approximately £90 per month and to include any dependants the costs are calculated as below...
We have added the payments we make to BUPA on your behalf to you payslip as a benefit in kind. This means that you are taxed on the benefit on a monthly basis, avoiding a nasty tax bill at the end of the year.
Many Thanks,
Houman
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