Tuesday, 01st September 2015
Did you know that income protection insurance is 100% tax deductible if you have an investment property?
Calculated as a percentage of your annual income, this insurance will cover you through illness or injury.
It's particularly useful for small business and self employed professionals who may not have any other income to fall back on.
Combined with the buffer I've suggested previously, you should be able to meet your financial obligations without any concerns.
If you're an investor without income protection, you may be able to backdate your taxation rebate claims - check with your accountant to find out how.
Until next time,