Tax-Deductible Income Protection

Income protection for Irish professionals

Secure your financial future with an income protection plan. The Irish government allows you to claim up to 40% tax relief on your premiums, protecting up to 75% of your earnings against illness or injury.

Income protection & salary continuity

Bridging the gap the State can't cover

If you're unable to work due to illness or injury, the Irish State Illness Benefit provides only around €13,000 a year. For most professionals, that creates a significant shortfall — we help you bridge it with tax-efficient salary protection.

Tailored income coverage

Secure up to 75% of your gross earnings (less state benefits).

  • Flexible deferral periods: start your policy when employer sick pay ceases (4, 8, 13, 26 or 52 weeks)
  • Guaranteed premiums: fixed-rate costs for the life of the policy — no reviews or hikes
  • Indexation: keep your insured amount rising with inflation, removable on request

Comprehensive long-term support

Unlike critical illness cover, this provides a monthly replacement income.

  • Benefit to retirement: paid as long as medically required, until you return to work or retire
  • Unlimited claims: policy stays active even after multiple successful claims
  • Waiver of premium: no monthly repayments due while claiming

Tax relief on income protection premiums. One of the most tax-efficient products in Ireland — as an individual or contractor, you can claim full tax relief at your marginal rate through Revenue.

40%
Tax savings
How it works

Getting an income protection policy, step by step

Work out how much of your salary you can insure, when you need it, and how your job affects your policy.

Step 01

How much can I insure?

You can generally insure up to 75% of your gross income. Calculate your "gap" to see how much private cover you need.

Step 02

When do I need it?

We align your policy with your employer's sick pay period. If pay stops after 6 months, cover starts on day one of month 7.

Step 03

What's my occupational class?

Risk classes determine your price — we search the Royal London database for your role.

Step 04

Review provisional quote

We compare providers to find the most cost-effective premium for your class.

Step 05

Underwriting questionnaire

A simple health check to confirm your final acceptance and price.

Step 06

Secure your income

Finalise your documents — your policy is now in force.

Step 01 in detail

How much can I insure?

Enter your salary and employment status to see your maximum benefit and your private cover gap.

Max total benefit (75%)
€0
Private monthly gap
€0

Disclaimer: Illustrative only, based on an approximate €13,000/year State Illness Benefit for PAYE employees. Actual entitlements depend on PRSI record. For a personal quote, speak to a Financial Health advisor.

Risk & classification

What is an occupational class?

Not all jobs are treated equally. An occupational class finder determines the specific level of risk your daily work poses from an insurance perspective.

Insurers use these classes to decide two things — if they can cover you, and how much your premium will cost. The higher the risk associated with your role, the higher the class number.

The standard risk scale

Class 1
Lowest risk

Professional & clerical (e.g. accountant)

Class 2
Low risk

Administrative / light travel (e.g. dentist)

Class 3
Moderate risk

Skilled manual work (e.g. nurse)

Class 4
High risk

Heavy manual work (e.g. carpenter)

Some high-risk occupations (Class D) may be declined for standard income protection. If your role involves significant manual labour or hazardous environments, speak to Financial Health to find the right policy for your needs.
Provider comparison

Which insurer is best for income protection in Ireland?

We compare the top three providers in the Irish market. While coverage limits are similar, the real difference lies in price-matching, support services, and "back to work" benefits.

Benefit / FeatureAvivaRoyal LondonZurich
Maximum coverage75% of salary (max €262,500)75% of salary (max €262,500)75% of salary (max €250,000)
Price matching✔ Guaranteed
Waiting periods4, 8, 13, 26, 52 weeksDual Deferred (split periods)4, 8, 13, 26, 52 weeks
Support servicesAviva Care: digital GP, Best Doctors, mental healthHelping Hand: dedicated nurse support (RedArc)Early Intervention: proactive rehab & physio funding
Automatic increases20% every 3 yrs, no medicals20% every 3 yrs, no medicalsLife-event only (marriage, child, etc.)
Relapse benefitImmediate restart within 6 monthsImmediate restart within 6 monthsImmediate restart within 6 months
Back to work benefitRehabilitation supportTiered payout (75%/50%/25%) for 3 monthsSalary top-up if returning part-time
Common questions

Irish income protection FAQ

How does Revenue tax relief on income protection work?+

You receive full tax relief on your premiums at your marginal rate (20% or 40%). If you're a higher-rate taxpayer, a €100 monthly premium effectively costs only €60 net after Revenue relief.

What is an income protection "deferred period"?+

The deferred period is the waiting time between falling ill and receiving your first payment. We typically align it with your employer sick pay scheme — common periods are 13, 26 or 52 weeks. A longer waiting period is a highly effective way to reduce your monthly cost.

Does it cover any medical reason for illness or injury?+

Yes. Unlike Critical Illness Cover, which requires a specific diagnosis, Income Protection pays out for any medical condition — including mental health issues or back injuries — that prevents you from performing your specific job role.

How does the Irish State Illness Benefit affect my payout?+

As of 2026, the State Illness Benefit is approximately €254 per week. Most private policies are integrated, topping up the State benefit so you reach 75% of your gross annual salary — protecting your mortgage and lifestyle during long-term recovery.

Tax relief is subject to Revenue limits based on age and income. Premium payments must be maintained to keep the policy in force. This information is for educational purposes and does not constitute formal financial advice.

Need a personalised calculation?

Speak with a Financial Health advisor about your income protection options.

Speak with an advisor