I've just been informed by my employer that I can join BUPA and there will be no deduction from my salary, however, as it's a taxable benefit, I will be assigned a new tax code.

Does anyone have a rough idea what this is going to cost me?

Been trying to ring the local tax offcie all morning but just getting an engaged tone.

 

If it's anythig like my dental plan through work it's actually not that much UNTIL you actually use the service.

I got taxed on a £500.00 dental bill. . .

 

Nothing like the detal plan.

Taxable benefits:
Single person ~£400
Family ~£800

Therefore if your tax rate is 40% you'll pay £160-£480
20% - £80-£160

 

It is a benefit-in-kind, and it will have a value for your P11D. Usually, these benefits are a year behind, so it might be worth finding out what the value was for someone with the same cover as you for last year so you can work out how much it'll cost you.

Cover for me, my wife and son is a P11D value of £1000 a year - as a 40% tax payer, that effectively costs me £600 cash (i.e. £50 a month in tax).

 

I have healthcare provided by my company, through PPP I think though rather than BUPA. It's quoted as being a cash equivalent of £423.06 per year, and that's just for me - no family.

For the purposes of calculating TAX it bassically gets added onto your gross salary as it's a benefit-in-kind.

 

mines around £150, well worth it if it gets used tbh. Had to pay a £100 excess to have my wisdom teeth out but had absolutely no wait and the place was like a friggin hotel. Worth it just for the experience lol.

 

Er £1,000 * 40% = £400 - £33 a month, quite a bargin

 

You go to hotels and expect them to take your teeth out??

 

I know what he means. The mrs had to have 4 wisdom teeth out. NHS it was a 6 week wait. Tried Bupa through work and its covered as its surgery. Appointment with a consultant 4 days later. Booked in 4 days after that. I went with her and whilst she was having the surgery I sat in her private room watching Sky, drinking coffee that was served to me by the staff. Then for lunch I had beef and horseradish sandwiches and choc chip ice cream for afters.

Simon.

 

The only Bupa I ever used was to see a Scottish guy in an exclusive clinic near Tunbridge Wells about a skin condition. Self-important prat with a Rolex who was convinced I had scabies, I was clearly lying when I said I hadn't been sleeping around, and that's it, 15 mins is up, next please and pay the receptionist £80 on your way out. Turned out it was an allergy to washing powder but he didn't know as he couldn't be arsed to find out.

 

There was a 360 modena in the car park with the plate G1 ECG or something like that lol. I'm in the wrong game

 

£250 per year extra tax for me.............

 

My P11D shows my BUPA cover (family) as a cash equivalent of £1054 - I'm a 40% tax payer

 

Mine is with axa ppp and with my wife it is a taxable benefit of around £75 pm , i think if you are a standard tax payer than this goes down to around £50 a month
well worth it, i have used it 3 times this year and racked up around 2k of bills and with no excess it is great
J

 

Hanley: I'll see if I can dig out my last tax breakdown for you (I've had it for years now.) I think mine is about £35 p/m taxable (but we get massive discounts due to the nature of the buisness so I think standard is about £50.)

I've got to say I was going to cancel at one point but it more than made up for it when it came to digging that glass out of my head that time. Plastic surgeon (no scars at all,) private room, Sky TV, 24hour visiting oh and even a menu for meals with a waitress service and nice little triangle shaped sandwiches....I was gutted when I had to go home

 

I've got health insurance (NU I think) through work, and I get taxed on something and nothing for it.

Off the top of my head, the taxable value is like something like £300 for the year.

John.

 

I think it will vary with the level of cover as well. I think mine is £200 ish