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Hi Mark, Thanks for pointing that out because I actually didn't know that. I guess one would opt not to claim the tax deduction if you thought (for whatever reason) there was a better than even chance you would one day end up claiming on your income protection insurance. Cheers John

Hi everyone, THank you very much for your responses. Most helpful as always John

Hi everyone, Can anyone help out with the following? 1. I know income protection insurance is tax deductible, but how much of it is deductible? Is it 100% Therefore, you take away 100% of the amount the insurance costs you from your taxable income each year to give you your new taxable...