Beneficiary and contractual rights
For the listed employer-beneficiary life or accident group policy without a contractual obligation to pass on the payout, premiums are deductible and employer receipts taxable from YA 2019. Where employees instead have the policy benefit or enforceable contractual right, employer premiums are generally deductible and taxable to employees, while the insurance payout is not taxed to the employee in the illustrated treatment. An administrative concession changes the premium treatment when the employer elects not to claim the deduction. The policy beneficiary and staff contract therefore matter as much as the insurance label.
Medical and injury policies
The document separately compares work-injury compensation and group medical insurance. Medical premiums form part of capped medical expenditure, and the stated concession for staff-beneficiary medical cover depends on replacing reimbursable medical costs and availability to all staff. A later payment from employer to employee can have its own deduction and employment-income result; specified death or injury compensation may be exempt. Reconcile all three stages rather than treating every insurance receipt and onward payment identically.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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