Disability income protection helps replace your earnings if you can't work due to sickness or injury. With salary packaging you can pay your disability and income protection insurance premiums with pre-tax dollars, allowing you to reduce your taxable income and concentrate on getting better.
What exactly can I package?
You may be eligible to package your disability and income protection insurance premiums if you work for a:
- charity or other not-for-profit organisation
- public or not-for-profit hospital
- government department or agency
- corporate or private sector organisation
and your employer offers this as part of your workplace benefits program.
Still not sure whether you can package disability and income protection insurance? Contact your employer to find out if this benefit is available to you.
Things you need to know: The above information is not intended to constitute taxation or financial product advice. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. We recommend you obtain independent financial or taxation advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. All salary packaging proposals are subject to the requirements of your employer. Administration fees will apply. The actual administration fee that applies to you may vary depending on your employer. ITCs (Input Tax Credits or refund on GST) are excluded. RemServ may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties.