Using Super to save on Life Insurance

21/12/2017

Super.  We don’t often think about it.

Though did you know that your Life and TPD insurance premiums can come from your Superannuation?  By taking the option of contributing extra pre-tax income to cover the cost, you are effectively paying for your premiums with money before tax.

If your marginal income tax rate is susbtantial, that is a significant saving.  To see an example of how much having a look at the link below:

http://www.mcplawyerslife.com.au/wp-content/uploads/2018/02/Life-Insurance-Payment-Options.pdf

Contact LAWYER’S LIFE