Claiming a tax deduction in your SMSF for terminal illness benefits
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Claiming a tax deduction in your SMSF for terminal illness benefits

Complying super funds are eligible to claim tax deductions for an amount paid as a death or Total & Permanent Disablement (TPD) benefit if the person terminated employment due to death or disability. These deductions can only be claimed if the trustee elects not to claim a tax deduction for the insurance premiums in the … Continue reading »