This benefit allows you to potentially save on the cost of income protection insurance premiums. The person insured must be you and the insurance policy must be in your name. Payments can be made directly to the insurance provider or as a reimbursement back to you. You can set up a once of payment or regular payments depending on how you choose to pay for this insurance.
For more information on this benefit click here to view the FBT Exempt Benefit Items Fact Sheet.
How do I claim?
To have a successful claim experience you will need to provide:
- a copy of a valid tax invoice
- proof of payment when claiming reimbursement (e.g. bank/credit card statement, copy of provider’s direct debit confirmation, payment receipt).