Income-protection insurance is tax deductible but super may have it covered

By John Collett
Updated July 11 2016 - 10:09am, first published June 22 2016 - 12:15am
If a tradie loses an arm, income-protection insurance that ends after two years won't be enough. Photo: Louise Kennerley
If a tradie loses an arm, income-protection insurance that ends after two years won't be enough. Photo: Louise Kennerley
What would happen if you were unable to work? Photo: Fairfax Media
What would happen if you were unable to work? Photo: Fairfax Media

If you're looking for last-minute tax deductions before the end of the financial year, you might consider prepaying for income-protection insurance.