Tax time is just around the corner
Secure your way of life with income protection before end of financial year and get more love from your tax return
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Tax time is just around the corner and with income protection you can get more love from your tax return.
Did you know that if you pay an annual income protection premium before 30 June 20171, you can include it in your tax return for this financial year? In just a few clicks, Lifebroker can help you easily compare income protection options from leading life insurers in Australia.
Why income protection?
- Income protection provides a monthly benefit to replace up to 75% of your income if you are ill or injured and unable to work.
- By helping cover expenses, such as mortgage repayments, income protection helps you protect the lifestyle you’ve worked hard to build.
- The premiums are generally tax deductible.
Compare life insurance from leading life insurers in one place.
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1 To include income protection payments in a 2016/17 tax return any new income protection policy must be accepted and premium payments received by the insurer before 30 June 2017.