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Application for Funeral Benefit Tax Minimiser Funeral Bond Lifeplan Australia Friendly Society Limited ABN 78 087 649 492, AFS Licence No. 237989Please PRINT clearly in BLACK pen keeping well within

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How to fill out tax minimiser funeral bond

01

Begin by determining your eligibility to claim a deduction for contributions made towards the funeral bond.

02

Collect all necessary information such as the name and address of the funeral bond provider, the contribution amount, and the date of payment.

03

Ensure that the total contributions made during the financial year do not exceed the allowable limit for claiming a deduction.

04

Include the relevant details in the appropriate section of your tax return form.

05

Submit the completed tax return form to the Australian Taxation Office (ATO) by the required deadline.

Who needs tax minimiser funeral bond?

01

Individuals who wish to reduce their taxable income by claiming deductions for contributions made towards a funeral bond may benefit from a tax minimiser funeral bond.

02

People who are looking for a tax-effective way to cover funeral expenses and ensure financial security for their loved ones may also consider investing in a tax minimiser funeral bond.

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What is tax minimiser funeral bond?

The tax minimiser funeral bond is a financial product that helps individuals minimize the tax payable on their estate upon their death.

Who is required to file tax minimiser funeral bond?

Individuals who wish to reduce the tax liability on their estate can choose to purchase a tax minimiser funeral bond.

How to fill out tax minimiser funeral bond?

To fill out a tax minimiser funeral bond, individuals need to provide their personal details and specify their funeral wishes.

What is the purpose of tax minimiser funeral bond?

The purpose of a tax minimiser funeral bond is to reduce the tax burden on an individual's estate by using the funds from the bond to cover funeral expenses.

What information must be reported on tax minimiser funeral bond?

The tax minimiser funeral bond typically requires personal information such as name, address, and beneficiary details.

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