If you are self employed and it's through your super fund then life insurance is deductible In this case it is a deduction for the super fund. And not always as the rules have changed for this year. Unless the rules have changed since I was a tax accountant, income protection is deductible, life insurance is not.
In this case it is a deduction for the super fund. And not always as the rules have changed for this year. Yep that's right. Sorry I wasn't too clear with my response
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