Important tax time decision flagged for SMSF insurance

Instead of claiming tax deductions for life insurance premiums, SMSFs may want to claim a deduction for the future liability to pay death or disability benefits instead, according to a technical expert.

by | 17 Jul, 2018

Important tax time decision flagged for SMSF insurance

BT senior manager, product technical Crissy Demanuele said one benefit of offering life insurance within a super fund is the ability to claim tax deductions for any insurance premiums paid for death and disability cover.

Read the full article at SMSF Adviser.

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