Protect your income and you could get more on your return
It seems like only yesterday we were planning summer holidays and end-of-year celebrations. But as June 30 is just around the corner, it’s time to start thinking about tax time.
Income Protection with Insuranceline is generally tax deductible. So the end of the financial year means a chance to get a tax break for everyone who has paid by June 30.
Why you should protect your income
Income Protection helps protect your family and your lifestyle in case of the unexpected. With Income Protection up to 85% of your income, up to $10,000 a month is covered in case something happens, whether it be an injury, an illness and if you take out optional Involuntary Redundancy cover, you can be covered for up to $3,000 per month for 3 months.
As an added bonus, you can enjoy 12 months for the price of 11 when you pay your premiums annually.
Get Your Tax Break
^ You can claim what you paid in this financial year (30th June 2016)
* $1 a day for Sickness and Injury cover of $2,205 a month with a Payout Period of up to 6 months after a 90-day Waiting Period, and Involuntary Unemployment cover of $500 a month with a Payout Period of up to 3 months after a 28-day Waiting Period, for a 30 year old male non-smoker in full-time employment in a trade-qualified light manual occupation.
TAL Direct is not authorised to provide tax advice - it is important to obtain advice from a qualified tax professional. Your annual Premium Statement will be mailed in batches commencing from the 8th July 2016 through to the 31st July 2016.