Struc­ture Mat­ters

Monthly Chronicle - - Business & Personal Finance -

Where the cover is held can make a big dif­fer­ence to the over­all cost due to tax ben­e­fits. There can also be ma­jor im­pacts re­gard­ing tax li­a­bil­ity and op­tions when a claim is made.

Gen­er­ally, it makes sense to hold life and per­ma­nent dis­able­ment cover in su­per due to a 15% tax ben­e­fit avail­able and also per­sonal cash flow ben­e­fits. In­come pro­tec­tion is usu­ally

Chris Ho­gan is Wealth Man­age­ment Part­ner at Manser Tier­ney & John­ston (MTJ) Char­tered Ac­coun­tants (02 9487 2333) and an Au­tho­rised Rep­re­sen­ta­tive of Lons­dale Fi­nan­cial Group Ltd, ABN 76 006 637 225, AFSL 246934. This in­for­ma­tion is of a gen­eral na­ture only and does not con­sider your per­sonal ob­jec­tives, fi­nan­cial sit­u­a­tion or par­tic­u­lar needs. This in­for­ma­tion should not be re­lied upon as a sub­sti­tute for per­sonal fi­nan­cial ad­vice.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.