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SixOfTheBest
28th Apr 2003, 23:01
Can anyone out there enlighten me as to why we have to pay tax on the refund (oh, 90% by the way) of extra insurance premiums due to service risks. 5 years after i take out the policy, I still scratch my head every time I see my pay statement and notice the fact that the RAF ACTUALLY only refunds about 50-60%, and not 90% (why not 100%). Why oh why is this so? Why oh why do we get stiffed on everything??!!

Any IFA's, Accountants, lawyers etc out there who can help??

SOTB