Is income protection really necessary?

Walkley, Pam
April 2013
Australian Women's Weekly;Apr2013, Vol. 83 Issue 4, p226
The article presents information related to income protection insurance, which is necessary for anyone who lives off their income. It is noted that up to 80 percent of pre-tax income is received for an agreed period with income protection insurance. It is mentioned that income protection premiums paid with after-tax income are tax deductible and most people receive is 75-80 percent of pre-tax income.


Related Articles

  • CHAPTER 2: Landlord Tax Classifications. Fishman, Stephen // Every Landlord's Tax Deduction Guide (9781413317688);12/1/2012, p37 

    The article presents information on how landlords in the U.S. can determine their tax status or classify rental activities for tax purposes. Tax status not only affects the extent of tax deductions for rental expenses, but also affects the taxes associated with the sale of property. A landlord...

  • A Taxing Business. Perry, Phillip M. // Kitchen & Bath Business;Mar2009, Vol. 56 Issue 3, p46 

    The article offers tips on how businesspeople can deduct all appropriate travel costs as business expenses on the income taxes to reduce a trade show's impact to the company's profit. According to the author, expenses from attending trade shows that are business related can be deducted. The...

  • Making the most of super contributions. Fox, Julie // Money Management;6/2/2005, Vol. 19 Issue 19, p32 

    Reports on the views of the author on how low income earners can benefit from either a tax deduction or super co-contribution in Australia. Steps in determining whether the client is entitled to claim a tax deduction or receive a co-contribution for their personal super contributions;...

  • Urgent need for uniform disclosure. Weaven, Grarry // Money Management;12/1/2005, Vol. 19 Issue 45, p15 

    The article presents the author's comments on the money management. As there are some super funds in the industry that are failing to pass on the allowable tax deductions to the fund members on the administration costs, there is an urgent need for the disclosure of uniformity. This issue may be...

  • The Tax Benefits for Education Expenses. Busby, Dan // Clergy Journal;Feb2006, Vol. 82 Issue 4, p23 

    The article discusses primary tax benefits related to education disbursements. The author talks about hope and lifetime learning credits which are available to help compensate the costs of higher education through income tax reduction. The author also presents several programs to be availed by...

  • PLANNING OPPORTUNITIES FOR REDUCING LIMITATIONS OF PASSIVE LOSSES. Lockwood, David L.; Broome, O. Whitfield // Journal of Financial Planning;Apr89, Vol. 2 Issue 2, p63 

    Passive loss activity rules set forth in the Tax Reform Act of 1986, and two subsequent pieces of legislation, significantly reduce tax deductions for tax shelters, as well as other trades and businesses. Many misconceptions about the rules remain, however, concerning who is affected by the...

  • Unlock 'backdoor' home office deductions.  // Tax Strategist;Jul2009, Vol. 4 Issue 7, p8 

    The article presents information on the income tax deductions that can be availed by taxpayers under section 179 of the home office tax rule in the U.S. Home office expenses are stated to be deductible only if a part of the home is exclusively used as either principal place of business or a...

  • Put your super on notice. Bone, Stephen // Money Management;4/30/2009, Vol. 23 Issue 14, p17 

    The article presents the rules that clients should follow in claiming or adjust tax deduction for contributions to superannaution in Australia. These rules are used by most financial planners in helping clients claim the intended tax deduction. According to several financial planners, taking a...

  • Is Your Company Ready for the FIN 48 Challenge? DeTrane, Joe // Financial Executive;Jan/Feb2007, Vol. 23 Issue 1, p15 

    The article discusses corporate readiness to implement Financial Accounting Interpretation 48, which deals with required disclosure of uncertain income tax positions. FIN 48 will necessitate a fresh look at all tax positions to assess which ones are uncertain and how much of a tax benefit can be...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics