Help with self assessment - medical insurance

patchyX2

I'm trying to fill out my self assessment form but I'm struggling with the 'Taxable benefits and expenses' section. The only benefit I get is medical insurance through work. 

The help note on the HMRC form states:

"The information to complete this box can be found on your P11D form, provided by your employer.

Enter any private medical or other health treatment or insurance you get by reason of your employment. Generally, it's the cost to the person who provided it to you, minus any amount you paid to that person.

Enter the figure from section I box 11, on your P11D."

Sounds simple enough... but I don't have a P11D form. I asked my HR department at work and they said...
"You won't have a P11D as private medical is a taxable benefit and it is processed through payroll. If you need year to date figures, you will be able to find this on your March payslip"

My March payslip shows the following (I only had the cover for 2 months of the year, so it's not much).

I've also found an email which states the following in relation to the cover:

• Annual Rate (Cost to [employerName]): £486
• Annual tax paid by employee: £194

Lastly, a few other bits of information in case it's helpful:

• I am paid through PAYE.
• I am paid via salary sacrifice. 
• I am a 40% rate tax payer.

Any advice on what value I should be entering on the self assessment form?  Sorry for the silly question, but I've not wrapped my head around tax since moving to salary sacrifice (not that I had much of a grasp beforehand!).

Phoenix72

As your employer is payrolling your benefits then the figure should already be reflected in your P60 figure so there is nothing else you need to do, other than enter your lay and tax from your P60

Dazed_and_C0nfused

PledgeX2 said:

I'm trying to fill out my self assessment form but I'm struggling with the 'Taxable benefits and expenses' section. The only benefit I get is medical insurance through work. 

The help note on the HMRC form states:

"The information to complete this box can be found on your P11D form, provided by your employer.

Enter any private medical or other health treatment or insurance you get by reason of your employment. Generally, it's the cost to the person who provided it to you, minus any amount you paid to that person.

Enter the figure from section I box 11, on your P11D."

Sounds simple enough... but I don't have a P11D form. I asked my HR department at work and they said...
"You won't have a P11D as private medical is a taxable benefit and it is processed through payroll. If you need year to date figures, you will be able to find this on your March payslip"

My March payslip shows the following (I only had the cover for 2 months of the year, so it's not much).

I've also found an email which states the following in relation to the cover:

• Annual Rate (Cost to [employerName]): £486
• Annual tax paid by employee: £194

Lastly, a few other bits of information in case it's helpful:

• I am paid through PAYE.
• I am paid via salary sacrifice. 
• I am a 40% rate tax payer.

Any advice on what value I should be entering on the self assessment form?  Sorry for the silly question, but I've not wrapped my head around tax since moving to salary sacrifice (not that I had much of a grasp beforehand!).

You might find it useful to read the notes relating to the Employment pages of your return.

They make things quite clear.

Not sure what you mean by "I am paid via salary sacrifice" but if it somehow relates to pension contributions you might want to make sure you have fully understood the tax position as you could never claim any tax relief for pension contributions made by your employer in return for you sacrificing some salary.

anniecave

So based on the payslip, the taxable amount for your medical insurance to be listed on your tax return is £80.94

Dazed_and_C0nfused

anniecave said:

So based on the payslip, the taxable amount for your medical insurance to be listed on your tax return is £80.94

Not sure how you come to that conclusion given the information provided by the op 🤔


I asked my HR department at work and they said...

"You won't have a P11D as private medical is a taxable benefit and it is processed through payroll. If you need year to date figures, you will be able to find this on your March payslip"

Bookworm105

Dazed_and_C0nfused said:

anniecave said:

So based on the payslip, the taxable amount for your medical insurance to be listed on your tax return is £80.94

Not sure how you come to that conclusion given the information provided by the op 🤔

What info is missing?
OP states he has been in the insurance scheme for 2 months in 23/24, so the March payslip confirms that YTD is 2 x monthly amount of £40.47
As it is through payroll we can assume (but can't confirm due to the redacting) that tax has already been paid on that benefit at the relevant marginal rate.

Therefore this should NOT be declared on a self assessment as untaxed BIK as no further tax is due 
(your tax return will be the amounts shown on your P60)

Whilst I accept that HMRC "admin" respondents are often lacking wide ranging technical knowledge and give wrong answers as a consequence, in this instance they are correct:
 Declaring payrolled benefits in kind in self-assessment - Community Forum - GOV.UK (hmrc.gov.uk)

Dazed_and_C0nfused

Bookworm105 said:

Dazed_and_C0nfused said:

anniecave said:

So based on the payslip, the taxable amount for your medical insurance to be listed on your tax return is £80.94

Not sure how you come to that conclusion given the information provided by the op 🤔

What info is missing?
OP states he has been in the insurance scheme for 2 months in 23/24, so the March payslip confirms that YTD is 2 x monthly amount of £40.47
As it is through payroll we can assume (but can't confirm due to the redacting) that tax has already been paid on that benefit at the relevant marginal rate.

Therefore this should NOT be declared on a self assessment as untaxed BIK as no further tax is due 
(your tax return will be the amounts shown on your P60)

Whilst I accept that HMRC "admin" respondents are often lacking wide ranging technical knowledge and give wrong answers as a consequence, in this instance they are correct:
 Declaring payrolled benefits in kind in self-assessment - Community Forum - GOV.UK (hmrc.gov.uk)

Bookworm105 said:

Dazed_and_C0nfused said:

anniecave said:

So based on the payslip, the taxable amount for your medical insurance to be listed on your tax return is £80.94

Not sure how you come to that conclusion given the information provided by the op 🤔

What info is missing?
OP states he has been in the insurance scheme for 2 months in 23/24, so the March payslip confirms that YTD is 2 x monthly amount of £40.47
As it is through payroll we can assume (but can't confirm due to the redacting) that tax has already been paid on that benefit at the relevant marginal rate.

Therefore this should NOT be declared on a self assessment as untaxed BIK as no further tax is due 
(your tax return will be the amounts shown on your P60)

Whilst I accept that HMRC "admin" respondents are often lacking wide ranging technical knowledge and give wrong answers as a consequence, in this instance they are correct:
 Declaring payrolled benefits in kind in self-assessment - Community Forum - GOV.UK (hmrc.gov.uk)

The quote I was replying to was this.  The bit highlighted in bold is wrong.

So based on the payslip, the taxable amount for your medical insurance to be listed on your tax return is £80.94

Bookworm105

Dazed_and_C0nfused said:

.  The bit highlighted in bold is wrong.

OK so it is a matter of poor wording, bottom line is we agree it does not need to be reported on a  tax return 

400ixl

I know on mine the amount for the Health Insurance is shown on the payslip as a benefit and I am PAYE, but the tax is not taken as part of the payslip. My P11D states what BIK I have had and I have to declare it on my self assessment.

However in a previous company they did tax is at source and in that case it was not on the P11D so I did not have to declare it.

What does your P11D (not P60) say as to what BIK you have had untaxed, although it sounds like your HR have confirmed it is taxed at source.

Bookworm105

400ixl said:

What does your P11D (not P60) say as to what BIK you have had untaxed, although it sounds like your HR have confirmed it is taxed at source.

Already dealt with.
OP has been told he will not get a P11D because the BIK is taxed through payroll.
The employer is perfectly entitled not to issue P11D where that is the case, since there is nothing to report as untaxed BIK.
P45, P60 and P11D forms: workers' guide: P11D - GOV.UK (www.gov.uk)
"You might not get a P11D if your employer takes the tax you owe on your benefits out of your pay."

For his own SA return he will need the P60 so he declares the correct figures for taxable income and tax paid. The two will match what was submitted on monthly payroll leaving nothing extra to pay. 
OP can always teach himself how to check the tax figures on a payslip if he wants to see that the tax he paid is based on more than just the pay figure.