Insurance & protection · Calculator companion · By K Imports
Income-protection premium relief: practical guide
This guide explains how to use the Count.ie income-protection premium relief. Estimate approved premium deduction within the 10%-of-income limit. Follow the inputs, method and worked example below, then compare your own scenario.
Guide written .
Open the Income-protection premium relief calculatorWhat to prepare
- Use policy wording, insured values, financial records and the proposed coverage period.
- Distinguish replacement value, market value, debt and an income-protection need.
- Check exclusions, waiting periods and limits separately from the calculator.
Understand the inputs
The calculation method
Deduct qualifying premium up to 10% of total income; relieve at 40% against higher-rate income then 20%, capped by Income Tax.
Worked example
Illustrative inputs and their result.
Example inputs
- Approved personally paid premium (€)
- 1800
- Relevant total annual income (€)
- 50000
- Income remaining taxed at 40% (€)
- 6000
- Income Tax available to offset (€)
- 5000
Calculated example result
- Estimated Premium Tax Relief
- €720.00
- Allowable Premium
- €1,800.00
How to interpret the result
An estimated cover need or relief does not mean a policy will pay a claim or that an expense is eligible. Coverage, underwriting and statutory conditions must be checked independently.
Compare equivalent coverage and exclusions, not just premiums. Test how a changed valuation, interruption period or household need affects the estimate.
Common mistakes to avoid
- Do not assume a property purchase price equals its rebuild cost.
- Avoid counting the same liability or replacement need twice.
- Check whether the proposed cover period and benefit match the actual exposure.
Assumptions and sources
Rates/conditions reviewed against the linked official sources on 5 October 2026. Confirm the stated scope before relying on the result.
Rules checked . This date comes from the tool’s review notes and applies only to its documented scope, not to every selectable scenario.
Sources and further information
If your case falls outside this scope, use a more suitable calculator or contact us about an unclear method.