Usually claimable

Can I claim income protection insurance on tax?

Income protection premiums are often deductible, although treatment can vary by policy type.

General guidance for Australian tax deductions only, not personal tax advice.

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When income protection insurance may be claimable

Policy type and ownership structure matter.
The premium must relate to eligible income protection cover.

When it is usually not claimable

Some policy components may not be deductible.

Records to keep

Policy statement
Premium payment records

Quick answer

Usually claimable. Whether you can claim income protection insurance usually comes down to work-related use, whether you paid for it yourself, whether any private portion is excluded, and whether you can support the claim with records.

Verify with current ATO guidance

ATO: Occupation and industry specific guides ATO: Records you need to keep ATO: Work-related deductions

Deductly guide last reviewed: 2026-04-16

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