Income Protection Summary Frequently Asked Questions

Answers to your FAQs about getting your Income Protection summary.

Frequently Asked Questions

What is an Income Protection Summary?

An Income Protection summary (IP summary) is a document that contains information regarding the amounts you have paid for your Income Protection policy during the financial year ending 30 June 2025. We recommend you take this IP summary to a registered tax agent when preparing your tax return.

I haven’t yet received my IP Summary. Who do I contact about this?

There are a few reasons you may not receive an IP summary including:

  • Your Income Protection cover is funded through superannuation;
  • You did not pay any premiums during the 2024-2025 financial year; and/or
  • You made an Income Protection claim during the 2024-2025 financial year.

You may wish to check with your financial adviser to understand whether any of the above applies to you.

Will I receive an IP summary for my Life Insurance, TPD or Trauma Insurance policies?

No, you will not receive an IP summary for any other insurance policies. Summaries are only available for Non-Super Income Protection policies, as these premiums may be tax-deductible.

If you hold Life or TPD insurance through your superannuation fund, you may receive an annual member statement from your fund. This will show insurance premiums paid, but these are typically not tax-deductible for individuals.

For information specific to your circumstances – including what may be deductible – please speak with your financial adviser or tax agent.

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