Financial wellbeing is about having the confidence to manage your money, day to day, plan for the future and be prepared for unexpected financial shocks. At Bank of Ireland we are committed to the financial wellbeing of our customers and the wider community that we serve. We want to help you to thrive by enabling you to make better financial decisions for yourself and your loved ones. With this in mind we have grouped together some common tax benefits that you may be eligible to claim.
Estimates vary as to the value of unclaimed tax benefits across Ireland each year, most likely running to millions of Euro.
Based on Research we completed into people’s awareness and familiarity with tax reliefs and welfare benefits we found that*
- Only 1 in 5 people are very confident in conducting tasks relating to tax reliefs and welfare benefits.
- Those in the youth (18-30 age) and young adult (25-34 age) demographic segments are more likely to be less confident.
- Overall relatively high awareness of Government online services such as Revenue Online Service (ROS), Revenue.ie – myAccount and MyGovID.
- Claiming Tax relief on medical expenses was the highest incidence of claims.
*BOI / RED C Research 2020
Your financial wellbeing is our priority at Bank of Ireland. Below we have grouped together some common tax benefits that you may be eligible to claim. Please note this list is not exhaustive and a full list of benefits together with information on how to register for online services and claim tax benefits can be found at www.revenue.ie**.
Disclaimer: The information prepared below by Bank of Ireland “BOI” is for information purposes only and does not constitute financial or tax advice. You should seek assistance from a professional if you require financial or tax advice. No liability is accepted by BOI for any errors or for any loss to any person in reliance on this information. BOI believes any information to be correct at the 19th January, 2022 and the information is subject to change without notice. BOI does not make any representations or warranties in respect of the accuracy of this information and is not responsible for the content of external sites. Please refer to our Term & Conditions for the use of the Bank of Ireland Group Website for further details.