Your money questions – ‘Can I get tax relief on income protection cover?’

Q I am a self-employed dentist who is considering buying income protection insurance in case illness or injury prevents me from working for a prolonged period. I am concerned about the affordability of the premiums. Is it true I can get tax relief on the cost of income protection cover? A As a self-employed individual, you may be eligible for tax relief on your income protection premiums, according to Karen O’Flaherty, senior proposition executive with Royal London Ireland.

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