Hong Kong Finance

Feb 14 2018

Life Insurance Comparison Australia, Compare Life Insurance Quotes Online, life insurance companies in australia.#Life #insurance #companies #in #australia


Australia’s Superheroes in Life Insurance Comparisons

Life insurance companies in australia

Life insurance companies in australia

Is the ANNUAL income before tax generated by work performed in the client’s own occupation. Income not generated from personal exertion, such as investment income, should not be included.

Employees may include additional elements of their salary package, provided they were not included in the original package/ salary listed on their application, such as motor vehicle allowance, superannuation, and regular and recurring bonus or commission payments (over three year history).

Self-employed applicants are sole traders, partners, shareholders or employees of their own business, (e.g. Pty Ltd company, trust or partnership). Monthly earnings are based on the client’s share of the business profits they are entitled to and/or receive directly or otherwise. Business profits are calculated in the usual manner that profits and losses in a business are calculated. Some items can be added back from the profit and loss such as the client’s share of: donations, salary/wage and/or Director’s fees, superannuation paid, salary/wage and or superannuation income split with spouse, a percentage of private use of a motor vehicle, if not already taken into account, depreciation costs if not already taken into account, depending on the item and the amount.

Gross Income

Is the ANNUAL income before tax generated by work performed in the client’s own occupation. Income not generated from personal exertion, such as investment income, should not be included.

Employees may include additional elements of their salary package, provided they were not included in the original package/ salary listed on their application, such as motor vehicle allowance, superannuation, and regular and recurring bonus or commission payments (over three year history).


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