shopping_cart

Your shopping cart is empty

Insurance applications paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 29 Aug 13 by NATIONAL DIVISION, THE TAX INSTITUTE

Insurance is sometimes a “forgotten area” for SMSFs. This paper addresses the crucial role of insurance in SMSFs, by considering the following:

  • does insurance have a role to play in SMSFs?
  • can group life be offered to SMSFs?
  • what happens to insurance after commencement of an income stream?
  • is there a role for insurance in connection with an SMSF borrowing strategy?
  • deductions for premiums/assessability of insurance proceeds
  • insurance applications: life, disability, trauma, terminal illness, income replacement
  • tax effectively managing receipt of taxable component/element untaxed inthe fund
  • allocation of insurance proceeds to reserve and availability of tax deductionsfor death benefit payments.

Author profile

Craig Day
Craig Day is the Head of Technical Services for Colonial First State and has over 25 years experience in the financial services industry. In his role, Craig is responsible for providing specialist technical support to financial advisers. Craig holds a Masters of Taxation (financial planning) and is a Fellow Member of the SMSF Association. - Current at 23 January 2026
Click here to expand/collapse more articles by Craig DAY.

 

This was presented at National Superannuation Conference .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Keynote address: Benchmarking Australia's superannuation system against the best in the world

Author(s):  David KNOX

Materials from this session:

Chasing tax within unit prices or credit rates

Author(s):  Dana FLEMING,  Narelle TOOHEY

Materials from this session:

Recent developments affecting contribution strategies and practices

Author(s):  David SHIRLOW

Materials from this session:

Large fund issues and the ATO

Author(s):  Stuart FORSYTH

Materials from this session:

SMSF regulatory update

Author(s):  Greg TANZER

Materials from this session:

Living to age 120, the pensions dilemma and other defined benefit conundrums

Author(s):  Barry RAFE

Materials from this session:

Insurance applications

Author(s):  Craig DAY

Materials from this session:

Tax issues in successor fund transfers

Author(s):  Ross Stephens

Materials from this session:

Benefit payments

Author(s):  Philip BRODERICK

Materials from this session:

What you need to know about the super guarantee

Author(s): 

Materials from this session:

SMSF issues and the ATO

Author(s):  Stuart FORSYTH

Materials from this session:

Pensions: Exploring changes in the treatment of pensions presentation

Author(s):  Graeme COLLEY

Materials from this session:

Borrowing by SMSFs to acquire real property - is it worth all the trouble?

Author(s):  Chris Balalovski,  Simon Conolly

Materials from this session:

Managing tax affairs:The duties of the super trustee

Author(s):  John EDSTEIN

Materials from this session:

Small business CGT relief and related party transactions

Author(s):  Daniel BUTLER,  David Oon

Materials from this session:

Tax considerations relevant to investments by super funds

Author(s):  Philip WITHEROW

Materials from this session:

Indirect taxes

Author(s):  Zoe CHUNG,  Rachel O'Donnell

Materials from this session:

Further details about this event:

 

Copyright Statement