How much tax relief do you get on income protection?

Tax relief is available on premiums up to 10% of your total income. The relief is given at your marginal tax rate, which means higher rate taxpayers can claim up to 40% back on their premiums.

How do you claim tax relief on income protection?

Most people claim the relief through Revenue’s MyAccount system. Under PAYE Services you can enter your income protection premiums under Permanent Health Insurance.

Are income protection payouts taxable?

Yes. Income protection benefits replace lost income, so they are treated as income and are subject to income tax, USC and PRSI.

Can a company pay income protection premiums for a director?

Yes. In some cases a company can pay the premiums under an executive income protection arrangement. The company may claim corporation tax relief and there is usually no Benefit-in-Kind for the employee.

Income Protection Insurance Archives

Q: Can you claim tax relief on income protection in Ireland?

Yes. Income protection premiums qualify for tax relief because approved policies fall under Revenue’s Permanent Health Insurance (PHI) rules. Relief is given at your marginal tax rate, either 20% or 40%.

Can You Claim Tax Relief on Income Protection Insurance in Ireland?

Income protection premiums qualify for tax relief in Ireland because approved policies fall under Revenue’s Permanent Health Insurance rules.

You can claim relief at your marginal tax rate, which can significantly reduce the real cost of cover.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

March 9 2026 4 min read Income Protection Insurance

Income Protection for Teachers in Ireland

Most teachers in Ireland already have salary protection through union schemes such as INTO, ASTI or TUI.

This guide explains when personal income protection may still make sense, particularly for teachers working outside the union system or those affected by medical disclosures

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

March 6 2026 5 min read Income Protection Insurance

Income Protection Deferred Period Explained: How Long Should You Wait?

Your deferred period is how long you must be out of work before income protection starts paying.

Most people match it to sick pay, but insurer choice should come first if medical history is involved.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 24 2026 4 min read Income Protection Insurance

Income Protection vs Serious Illness Cover: Which Suits You Best?

Income protection provides regular payments to replace lost income if you're unable to do your job due to illness or injury.

Serious illness cover pays a lump sum upon diagnosis of a specified critical illness.

But which is better depends on what you're trying to protect against.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 22 2026 4 min read Income Protection Insurance

Wage Protector Insurance in Ireland

Wage Protector is Aviva’s cheaper version of income protection for Class 3 and 4 occupations.

It pays your own occupation for two years, then switches to an any occupation definition.

Here’s when it makes sense and when it doesn’t.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 14 2026 5 min read Income Protection Insurance

Income Protection for Dentists in Ireland

Income protection for dentists in Ireland.

Why own occupation wording, insurer choice and sequencing matter before you apply.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 13 2026 8 min read Income Protection Insurance

Income Protection if You’re Dismissed While Sick

Can income protection still pay if your employer lets you go while you’re out sick?

In most cases, yes. This page explains how claims actually work in Ireland and why policy wording matters more than people realise.

Unfortunately, the answer is trickier than a quick yes or no.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 9 2026 4 min read Income Protection Insurance

Income Protection for the Self Employed & Freelancers

If you’re self-employed and can’t work due to illness or injury, your income stops immediately.

This guide explains how income protection works for sole traders and contractors, what insurers actually assess, and how to avoid costly mistakes when applying.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 6 2026 8 min read Income Protection Insurance

Income Protection for Nurses: When the Union Scheme Isn’t an Option

Union income protection schemes work well for many nurses.

This page explains when personal income protection may be worth considering instead, particularly for private sector nurses or those affected by health exclusions.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

February 5 2026 6 min read Income Protection Insurance

Income Protection for Construction Workers

Income protection for builders in Ireland isn’t restricted by the job itself, but outcomes vary by occupation class and insurer approach.

This guide explains what really affects cost, exclusions, and how to apply properly.

Nick McGowan - QFA RPA APA Qualified Life Insurance Advisor

7 min read Income Protection Insurance