Income Protection Insurance in Australia
Your ability to earn is your biggest financial asset. Income protection replaces up to 75% of your monthly income if illness or injury stops you working — so the bills keep getting paid while you focus on recovery.
- Up to 75% of pre-tax income, paid monthly
- Benefit periods of 2 years, 5 years or to age 65
- Covers both illness and injury, on or off the job
- Premiums often tax-deductible when paid personally
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What is income protection?
Income protection (sometimes called salary continuance) replaces a portion of your regular pre-tax income, paid monthly, if you can't work due to illness or injury. It's designed to bridge the gap when sick leave runs out and savings start to dry up, with claims commonly lasting weeks, months or — in serious cases — years.
We help you choose between indemnity and agreed-value style policies, set the right waiting period (commonly 30, 60 or 90 days to align with sick leave and savings), and decide on a benefit period (2 years, 5 years, or to age 65). Premiums are generally tax-deductible when paid personally, and the policy can often be structured through superannuation to ease cash flow.
What's included
Up to 75% income replacement
Monthly benefit paid directly to you while you're unable to work due to illness or injury.
Flexible waiting periods
Choose from 14 days up to 2 years to balance affordability with how quickly you need cover to start.
Benefit periods to age 65
Long benefit periods can pay out hundreds of thousands over your working life if you're permanently disabled.
Illness and injury covered
Mental health, cancer, back injury, broken bones — covered on and off the job, anywhere in the world.
Tax-deductible premiums
Premiums paid personally are generally tax-deductible, cutting the effective cost significantly.
Super-funded option
Hold part or all of your cover inside super to take pressure off cash flow.
Who needs income protection?
- Employees whose lifestyle depends on a regular pay packet
- Self-employed and contractors with no employer sick leave
- Professionals with high earnings and large mortgages
- Tradespeople exposed to injury risk
- Sole income earners supporting others
- Anyone within 20+ years of retirement still building wealth
What it costs
Indicative monthly premiums for a 75% income protection benefit on an $80,000 salary, 30-day waiting period, 5-year benefit period, healthy non-smoker, white-collar occupation.
| Age | Indicative monthly premium |
|---|---|
| 30 | $40 – $75 / month |
| 40 | $70 – $130 / month |
| 50 | $140 – $240 / month |
| 60 | $250 – $420 / month |
- • Premiums scale with your income — higher earners pay more for higher monthly benefits.
- • A 'to age 65' benefit period costs more than 5 years, but pays out for far longer if you're permanently unable to work.
- • Manual or high-risk occupations are loaded; longer waiting periods (60–90 days) reduce premiums.
- • Premiums paid personally are generally tax-deductible — effective cost is typically 30–47% lower after tax.
- • Figures are indicative only and not a quote — we'll prepare a personalised comparison at no cost.
Frequently Asked Questions
Straight answers from a specialist with 8+ years of experience advising Australians.
Ready to put cover in place?
Book a free, no-obligation chat. We'll walk you through your options in plain English.