Income Protection pays up to 75% of your income if you couldn’t work due to sickness or injury.
There are two main parts that make up this type of cover, and will determine the cost of your cover and how long you wait, and rely on this benefit:
Premiums for Income Protection are also tax deductible and available to anyone who earns an income.
But what about self employed for Income Protection?
This will depend on your structure, whether you are a Sole Trader, Company, Partnership or Trust.
But as a general rule, you can consider your annual salary, profit, income split with a non working spouse amongst other things.
These guides won’t be the same for everyone, so it’s imperitive that you speak to one of our advisers below to help guide you to ensure you get paid your benefit when needed.
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