Hi Sifus,
I have an old insurance, where the payor is my parent.
I wonder do we have to do a transfer to order for tax relief for myself?
Thanks,
Insurance Talk V5!, Anything and everything about Insurance
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 Jun 16 2019, 12:50 PM
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#1
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Senior Member
697 posts Joined: Oct 2007 From: Zimbabwe   
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Jun 17 2019, 05:32 PM
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#2
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Senior Member
697 posts Joined: Oct 2007 From: Zimbabwe
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QUOTE(ckdenion @ Jun 17 2019, 02:39 PM) medical benefit is consider good. so long you know the estimated sustainability for the policy then you are good to go. I have the premium statement pdf, which insured people is my name, only the billing address belongs to my father, I wonder if this proof is enough for tax relief. I'm using AIApolicyowner is your parent right? if yes, then need the policy to be assigned back to you for you to entitle tax relief for yourself.  |
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Jun 17 2019, 06:18 PM
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#3
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Senior Member
697 posts Joined: Oct 2007 From: Zimbabwe
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QUOTE(yklooi @ Jun 17 2019, 05:57 PM) The name just above the address is whose? Same as you, but my father has fully claimed the tax relief using other insurances. Since this is extra, I wonder if I'm able to use it for myself.I hv a premium statement from aia too.... The address n name is mine..... The insured name is my son I am paying for it and claim tax reduction with it |
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