“One thing people often don't realize is things like income protection, uh, when paid in your own personal name can be a tax deductible, um, expense for yourself personally, which means, you know, for a high income earner, potentially with not a lot of deductions, um, you know, every single dollar that they're spending on income protection can actually reduce...”

Equity Mates Investing Podcast · Why insurance matters more than you think with Sonny Lowe | FinFest 2026

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What was described

advise that income protection premiums paid in personal name can be claimed as a tax-deductible expense

Said nearby on the same subject

“So income protection is obviously tax deductible.”
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Shamir Brown
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“She said you find as many places as you can of other people saying that person's name… if you say it fast and with confidence, people will believe that your version is correct.”
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“Your expenses are still 3,800. You have literally frozen expenses while scaling up income.”
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“You would use the notice of intent to claim on the form… total contributions 400,000… intend to claim as a personal deductible contribution, 10,000. …they’ll take $1,500.”
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Mark McGrath
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How they work example: contribute $400,000, claim $10,000 as concessional → $1,500 t… Share this moment

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