Are my funeral insurance premiums tax deductible?

In most cases, you will not be able to claim a tax deduction for the premiums you pay for your funeral insurance policy. However, any lump sum payment made under the policy would not generally be assessable for tax.

This information is a guide only and is based on current taxation laws. For information about your individual circumstances, it's important that you contact your personal tax adviser.

1300 Insurance Pty Ltd ABN 50 124 845 727 AR Number 327609 is authorised to refer you to the insurer Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFSL 296559 (Allianz Life) and to provide written general advice on this insurance as the insurer’s agent. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the Product Disclosure Statement. If you purchase this insurance, we will receive a commission which is a percentage of the premium. Ask us for more details before we provide you with services.