Visits to your GP, medicines bought in pharmacies, hospital visits and consultant fees all add up. But did you know that in Ireland, every taxpayer can claim a refund of 20% on medical expenses that are not covered by either the State or by private health insurance?

This is the latest in our series of articles that consider the financial challenges for clients at a specific stage in life. This time we’re looking at people who are in their 50’s. This is a really important stage in your financial life as it is often the time in life of maximum income and the greatest opportunity to really build your wealth.

We await with interest each year the claims statistics from the leading protection providers in the Irish market. Irish Life annually issue very insightful and detailed information about their claims (as do other providers), and we’ve taken the opportunity to dig a little into the claims data from their Retail division for 2021.