Your Tax Return Expert
Yes, if you are self employed, you can replace your ordinary life assurance policy with what is known as a Pension Term Assurance policy and you will be entitled to claim tax relief on the premiums under the same rules which apply to personal pension contributions. A Pension Term Assurance policy is a life assurance policy with two main restrictions
You can claim an allowance for a carer ( for example a housekeeper) you employ to care for an incapacitated relative For example: If you employ a carer for your elderly parent and if your income is €60,000 You pay the carer €20,000 Your taxable income is therefore €40,000 after the deduction of €20,000 ( €60,000
If yes you can avail of “e-working” tax free payments from your employer An employer can make tax free payments of up to 3.2o euros per day to e-workers to cover additional heating and electricity costs This applies to employees who work from home on a full time or part time basis and not to
Oliver Niland & Co – Chartered Accountant
Unit 8, Royal Rock Park,
Ballybane Industrial Estate,
Galway.
Telephone: (091) 763817
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Email: oliver@taxreturnhelp.ie
(Right across from Thomas McDonagh’s hardware store and directly behind the Royal Rock Café )