life insurance and tpd insurance for smsf, page-6

  1. 791 Posts.
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    Sounds about right Goyco.

    The question which way to own IP sometimes is based on cashflow or access to tax deductions.

    If you can salary sac into super, with the fund paying the IP premium then it's no different to you claiming deduction at your own MTR.

    Of course if you are already making maximum salary sac / deductible contributions to super and still have cashflow (i.e. on a reasonably high MTR) then paying the IP in your own name may be advantageous.

    Ultimately, get professional advice based on your own circumstances & DYOR
 
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