Understanding the tax deductibility of advice fees

“The thing that’s exciting for me is that I think advisers are giving advice on taxation more than what they think. Most superannuation advice will be deductible,” Mr Travers said.

“They’ve clarified that for example, when you give advice to hold income protection outside of super that’s deductible, a lot of cash flow advice, a lot of investment advice, asset allocation will come back to tax in some way.”