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PHI costing us £843.31 per year plus ??? in tax.

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mae Posts: 1,516 Forumite

21 August 2007 at 7:37PM in Insurance & life assurance

We have private medical insurance with PPP Health Care through my husbands company.

It costs us £64.87 per 4 weekly wage and I don't know how much tax pr mth not sure how to work it out. So without tax its £843.31. This is for husband, myself and 16 year old son.

I am thinking of cancelling this and puting the money in a high interest account that we can't touch. My thinking is obviously hoping we are all well (son does have some health issues but these are covered anyway) and thinking that after a coupleof years we would a couple of thousand which could pay for private consultations if necessary and then hope that NHS will suffice.
I know people can't decide for me but has anyone got any opinions on this please?

Sorry just editing as I have found out the tax is £511 per year so in total the insurance is costing us £1354.31 per year.
Thanks

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PHI costing us £843.31 per year plus ??? in tax.

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