She's On The Money cover image

The Cost Of Care

She's On The Money

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The Benefits of Income Protection

I couldn't love that more when it comes to income protection, though. I think a lot of people go, oh my gosh, that's like a free ride, right? You get your income for the rest of your life. In Australia, it could be up to 80%, but more commonly, it's only 75%. So your actual taxable income each and every single year. On top of that, that income protection is taxed. It's not an insurance payout that you don't have to pay tax on because it's actually seen as an income. But it was there to provide me with the means to an end. Hence why she now works.

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