Save While Protecting Your Income
Pay for your income protection insurance premiums with your pre-tax salary. You may not have to pay GST for this benefit.
Package Requirements
Items that are salary packaged, such as income protection insurance, cannot be claimed as an income deduction as well.
Where GST is payable for the service, your employer is able to claim in Input Tax Credit (ITC) - GST refund. This ITC may then be passed back to you, the employee.
