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Entry-level life policies could soon cost more

17 March 2014   (0 Comments)
Posted by: Author: Hanna Barry
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Author:  Hanna Barry (Moneyweb)

If Treasury gets its way, life risk policyholders could lose out on tax deductions.

Treasury’s proposal in the 2014 Budget to tax all premiums and claims in respect of life risk policies (those linked to death and disability) could hamper product innovation while increasing the cost of entry-level products.

Treasury’s proposal in the 2014 Budget to tax all premiums and claims in respect of life risk policies (those linked to death and disability) could hamper product innovation while increasing the cost of entry-level products.

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