Maximise Your Special Needs Tax Credits & Receive Your Full VAT Refunds

As the HSE, Charities and Service Providers struggle to cope financial, parents are faced with being put on extremely long waiting lists for equipment, therapies and services.

No parent likes to see their child waiting for essential treatment or equipment and many parents are opting to pay for services or equipment themselves. This can be a huge on-going expensive.

There are a number of way parents can reduce this out of pocket expense.

Medical Expenses

Your Med1 Form allows you to claim a tax refund on most medical expenses. You can reclaim 20% of the medical expenses for you and your family incur on medical bills such as:

  • Ø Doctor & Consultant visits
  • Ø Reports &  Assessments
  • Ø Hospital or nursing care
  • Ø Medication costs
  • Ø Physiotherapy, OT & Speech Therapy

 

Medical Equipment

If you want to purchase medical equipment to help your child with independent living you are entitled to claim a VAT refund. The rule is that it must be specifically for your child and assist them in some way. Before you purchase an item, check that the Revenue will give you back the VAT. Below are some examples of items that you can claim VAT on.

  • Ø Drinking & eating aids
  • Ø Hoists and lifting equipment
  • Ø Stair lifts & walking aids
  • Ø Purchase & adaptation of car
  • Ø Communication aids

 

This list can be expanded, especially if a Therapist prescribes a piece of equipment such as a computer, software or an iPad.

Relief for building works

If you renovate your family home to make it user friendly for your child, remember that you can also claim back the VAT on building materials and labour cost directly associated with the disable builds. You potential could also claim under the Mobility Aid Grant or Housing Adaptation Grant, both grants are means tested.

 

What to do next

Unfortunately, it falls on parents to uncover all of the entitlements, allowances, grants and tax credits that are available from the Department of Social Protection, HSE and Revenue.

To help you I have written a booklet Your A-Z Guide On Special Needs Entitlements.” This booklet is exclusively for my clients but I am making it available to all parents for free up until 30th of July 2013 by calling 021 482 3635 or email allan@financialwellbeing.ie.

 

 Fund Your Special Child’s Trust From Entitlements Today – For A Brighter Tomorrow

This article was prepared by Allan Cuthbert, a Special Needs Trust Planner. If you have a Trust planning question, feel free to email allan@financialwellbeing.ie or call 021 482 3635. To see why all parents must set up a Special Needs Trust, check out www.financialwellbeing.ie