Income Protection Insurance is principally available in Australia, Ireland, New Zealand, South Africa, and the United Kingdom.
[1] Income protection is not tax deductible in the UK, however exceptions are available for the self employed and for company directors.
[citation needed] Income protection premiums in Australia is tax deductible though the payments received are taxable.
[citation needed] In Ireland, the maximum payout threshold is 75% of prior gross salary.
[citation needed] Income protection insurance in New Zealand is more complicated as it depends on whether or not the payments are related to superannuation.