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23 Aug 2024

Hi,

Can I claim Income Protection premium (Plan is under group/employer)? Premium is paid by the employee and reflected as a "Pre-Tax Deductions" on payslip.

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2 replies
248 views
2 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
23 Aug 2024

That sounds like it is claimed by employer under a salary sacrifice.


Best to ask employer about this.


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Taxduck(Taxicorn)Taxicorn
23 Aug 2024

Pre-tax means that the deduction comes off your gross income before tax is applied. If that is the case then this premium is not included in gross income on your payment summary. May be a salary sacrifice amount.

It is therefore not tax deductible.

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Can I claim Income Protection premium (Plan is under group/employer) | ATO Community