Yes—if the policy is Revenue-approved and designed to replace income in the event of illness or disability.

Here’s how it works:

  1. Eligibility:
    • You can claim tax relief if you personally pay the premiums or if they are deducted from your gross salary.
  2. Relief limit:
    • You can only claim up to 10% of your total income in premiums each tax year.
  3. How relief is given:
    • If your employer operates a net pay arrangement, the relief is given automatically.
    • If not, you must claim via:
      • myAccount (PAYE taxpayers) or
      • ROS (self-employed), by including it in your return.
  4. Conditions:
    • The policy must be a Permanent Health Benefit Scheme approved by Revenue.
    • Premiums must not be reimbursed by your employer.
  5. Tax on benefits:
    • If you receive payments under the policy, they are subject to income tax and USC but not PRSI.