- Life Insurance premiums on Death.
- Life Insurance premiums on Disability
- Life Insurance premiums on Death and Disability.
- Total and permanent disability (TPD) – for more details see <ATO-Link:TR2012/6>
- Transfer the tax liability on contributions made to a life office by way of agreement.
- Part of a death benefit payment upon death. This is a claw back of the tax paid on contributions. A related topic and strategy sometimes used is <antidetriment payments>”
Here’s what the ATO has the say <ATO-Link>.
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