Discover the TAL Health Sense offering

Discover the TAL Health Sense offering

TAL Health Sense – who is eligible?

TAL insurance offers a product called Health Sense which provides their clients who are within a healthy BMI range (19 – 28), with discounts of up to 15% on Life, Trauma and/or TPD insurance. The discount is automatically applied to policies at application stage. However, the discounts do not stop there. https://www.tal.com.au/existing-customers/accelerated-protection/tal-health-sense

TAL Health Sense Plus – Additional discounting offer

TAL are now offering Health Sense Plus to existing client with that hold the Health Sense product. This allows those with a healthy Body Mass Index (BMI) to apply a 5% premium discount on Life, Critical Illness and TPD Insurance premiums for up to two years.  Revalidation is required every two years to retain the discounting.

What criteria is required?

To apply for the discount, you must meet the following criteria:

  • Be within the BMI range of 19 – 28.
  • Be below age 62.
  • You must not have claimed under any policies that you hold with TAL.
  • Complete a preventative screening with your GP.

How do you apply?

You will need to arrange the following:

  • Complete a preventative screening with your GP. It is best to be advised by your GP as to which test is appropriate.
  • Obtain an invoice, referral letter or other confirmation of a preventative test from your GP. This is required as evidence.
  • Complete the link provided to you over email at your two-year anniversary confirming that you BMI is within the healthy range and upload the evidence of your screening.

For further information on this offering, please reach out to our personal insurance specialist Luke Smith at MBS Insurance on either luke.smith@mbsinsurance.com.au or 0452 515 739.

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Insurance Premium Increases

Insurance Premium Increases

Income protection (IP) policy holders are already seeing increases of up to 100% on their premiums this year and a majority seeing increases above 20%. This is not the case with all insurers. Policy changes are imminent, an immediate review of your policies is necessary. Read more – Insurance Premium Increases May 2021.

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EOFY Resources 2021-22

EOFY Resources 2021-22

The end of the financial year will soon be upon us, with 30 June 2021 just around the corner. The months of May and June are the time to review & analyse ways to reduce your 2021 taxes based on your current income & expenses from July last year until now. We recommend all our clients consider tax planning for their business & personal tax. Download our tax planning guide & federal budget update for more information.

PrimeAdvisory – Minimise Your Business Tax 2021

PrimeAdvisory – Minimise Your Personal Tax 2021

PrimeAdvisory Federal Budget Update 2021-22

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Federal Budget 2021-22

Federal Budget 2021-22

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term.

It is also a human budget, with $17.7 billion dedicated to aged care, more money in the pockets of low-income earners, the COVID vaccine rollout, $2 billion for mental health, a women’s economic package including a childcare subsidy increase and funding to prevent violence, and a Royal Commission into defence and veteran suicide.

Access your downloadable guide here PrimeAdvisory Federal Budget Update 2021-22.

We note that this year’s budget did not include as many tax and investment initiatives. However, the key points are:

For You & Your Family

  • Low and middle income tax offset extended
  • Medicare levy low income threshold
  • $250 self-education expense reduction removed

Your Superannuation

  • Work test repealed for voluntary superannuation contributions
  • Expanded access to ‘downsizer’ contributions from sale of family home
  • SMSF residency tests relaxed

Business & Employers

  • Temporary full expensing extension
  • Temporary loss-carry back extension
  • Employee share scheme simplification
  • $450 per month threshold for super guarantee eligibility removed
  • Tax residency rules for trusts and limited partnerships
  • New avenue for small business to ‘pause’ ATO debt recovery

We’ll keep you up to date as the detail of these measures comes to hand. Happy reading!

Get in touch
The team at PrimeAdvisory are available to assist you to capitalise on any of the Budget measures or minimise your risk.

If you have any questions, please don’t hesitate to contact us on 02 9415 1511.

 

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Tax Planning Guide 2021 – Minimise Your Business & Personal Tax

Tax Planning Guide 2021 – Minimise Your Business & Personal Tax

The end of the financial year will soon be upon us, with 30 June 2021 just around the corner. The months of May and June are the time to review & analyse ways to reduce your 2021 taxes based on your current income & expenses from July last year until now. We recommend all our clients consider tax planning for their business & personal tax. Download our tax planning guide for more information.

PrimeAdvisory – Minimise Your Business Tax 2021.

PrimeAdvisory – Minimise Your Personal Tax 2021.

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