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Tax on Employment benefit
Comments
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But it is free. You don't pay your employer for it.MarcMCFC1986 said:
No - it said Free Health & Dental Insurance with BUPA so didnt think I'd need to ask if it would cost me anything...sheramber said:
Did you ask if it would cost you anything?MarcMCFC1986 said:molerat said:
Yeah I get that - but as Sir Martin Lewis would say...if it's not something you would buy anyway then it isn't a saving.You are paying £40 for something that would otherwise cost you £100 (and that would be at bulk discount rate)
Private Health & Dental Insurance is nice - for free - but I wouldn't pay £40 a month for it under normal circumstances. I only signed up because I thought there would be no cost for me.
How HMRC treat it is outside your employer's control0 -
I'm not blaming my employer, or HMRC.unforeseen said:
But it is free. You don't pay your employer for it.MarcMCFC1986 said:
No - it said Free Health & Dental Insurance with BUPA so didnt think I'd need to ask if it would cost me anything...sheramber said:
Did you ask if it would cost you anything?MarcMCFC1986 said:molerat said:
Yeah I get that - but as Sir Martin Lewis would say...if it's not something you would buy anyway then it isn't a saving.You are paying £40 for something that would otherwise cost you £100 (and that would be at bulk discount rate)
Private Health & Dental Insurance is nice - for free - but I wouldn't pay £40 a month for it under normal circumstances. I only signed up because I thought there would be no cost for me.
How HMRC treat it is outside your employer's control
All I'm saying is that I didn't realise I would be out of pocket - because the word 'Free' implies it won't cost anything.
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