Author Topic: Company medical insurance  (Read 309 times)

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Mayhem007

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Company medical insurance
« on: October 31, 2025, 04:02:59 pm »
I am pretty sure I will live the life of a retired person. I resigned from my company 18th July 2025, after having worked for the company 2 years and 1 day.

As result of being an old fart on state pension, every penny is a prisoner. Going to make this as simple as possible.

Found out that HMRC were taxing me as having a medical insurance benefit of £484 for 2025 and 2026. Through emails with HR, they advised that I was taxed at income source. Managed to resolve this with HMRC and expect to be reimbursed for paying tax on a benefit that was already taxed at source.

So I checked my payslips and confirmed I was taxed at source, whilst my colleagues benefits are £61+ a month for 2025 to 2026. Mine are as follows.

April 2025 £148+
May 2025 £148+
June 2025 £148+
July 2025 £90+

I informed HR of the anomaly and her response was ludicrous. Having gone into the mathematics of the medical benefits,
I find myself alienated with very little response from HR.

So I guess what I am inviting members advice on the steps I should take in order for being reimbursed for extra tax that I have paid at income source by the company.

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aardvaark

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Re: Company medical insurance
« Reply #1 on: November 05, 2025, 08:41:21 pm »
As a probably older fart, I recall that when I was in a company medical scheme the cost was over £200 a month.

Have you found out what the company was paying for your insurance? You wouldn't have got a P11D for  benefits you received in 2025/26 tax year yet, so you might have to ask the company or guess a larger number from your previous P11D.

My guess from your info is that the cost to the company was £148 per month, and they put this on your payslip as  a notional income so that the tax would due be deducted automatically.

The benefit of £484 as a presumably one off sum on your self assessment was probably a guess by HMRC as to the annual  cost of your insurance. If you've paid tax on this, and also been taxed at source on the original premium, you can get the tax back from HMRC. As your employment has now ended, the company's HR department cant make refunds.

Your colleagues benefit of £61 per month suggests he's younger, not insuring a spouse and/or children or all 3.   

Mayhem007

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Re: Company medical insurance
« Reply #2 on: November 08, 2025, 12:41:13 pm »
Aardvark, you may have hit the nail on the head. I reached state payment age in April and my colleague is 40 years my junior.