Posted in Social Security

#Everyoneneedsaplan to understand their rights and responsibilities

Posted by G. Dean McKinnon on 31 January 2018
Are you a small business or sole trader?  Do you know your rights and responsibilities? The Australian Competition & Consumer Commission (ACCC) on 11 January 2018 published a new guide for small businesses. If you engage in buying or selling goods or services you must comply with the Competition and Consumer Act 2010 (CCA). The guide is designed to help small businesses understand their key rights and responsibilities under the CCA and the Australian Consumer Law...
Posted in:Financial PlanningSocial Security   0 Comments

#everyoneneedsaplan if the ATO contacts you!

Posted by G. Dean McKinnon on 15 November 2017
AUSTRALIAN TAXATION OFFICE SCAM ALERTS Everyone needs to be wary of anybody calling from the Australian Taxation Office (ATO) requesting payment of any outstanding tax debt or requesting their bank account details for crediting a tax return refund. MCKFS Total Service Clients (TSC) should request the person's contact details, and then immediately phone our office (1300 261 373), so that we can assess whether or not the phone call is legitimate. All MCKFS TSC tax ...
Posted in:TaxSocial Security   0 Comments

#everyoneneedsaplan to understand the new Age Pension Assets Test

Posted by Dean McKinnon on 19 January 2017
Changes to the Age Pension Assets Test commenced 1 January 2017, and may reduce your Age Pension payment. Following is a summary of the main points of the changes: Only the Assets Tests has been changed - there are no changes to the Income Test. Be aware that your Age Pension payment is determined by completing the Assets Test and the Income Test for your particular financial circumstances, and which ever Test provides the lowest payment w...
Posted in:RetirementSocial Security   0 Comments

The Top 5 Tips For Choosing Your Financial Planner

Posted by Dean McKinnon on 14 October 2015
The Top 5 Tips For Choosing Your Financial Planner
Choosing a Financial Planner or Financial Advisor can be a difficult process, particularly if you have never had any dealings or experience with financial issues in the past, so here are my TOP 5 TIPS for helping you choose the right financial planner for your particular needs.   1. Firstly, you need to determine if you require a Financial Planner, or a Financial Adviser. A Financial Planner generally differs from a Financial Adviser in that a Planner provides you with a F...
Posted in:PropertyTaxSuperannuationRetirementMortgages and FinanceInvestmentInsuranceFinancial PlanningSocial Security   0 Comments

Top 5 Tips for Financial Planning In Your 50s

Posted by Dean McKinnon on 7 October 2015
Top 5 Tips for Financial Planning In Your 50s
Uh-oh, the fun-time 40s are over, and the financial-planning 50s have begun!
It's actually not that bad. Your 50s are the time  which you can use to fine tune your financial plan that will likely mean you don't have to work any longer. Financial independence is so close you can just about smell the coconut palm trees! So that's got to be good has it not?!
In your 50s, it's time to stop thinking "someday I would like to be financially independent...
Posted in:PropertyTaxSuperannuationRetirementMortgages and FinanceInvestmentInsuranceFinancial PlanningSocial Security   0 Comments
McKinnon Financial Planning Pty Ltd ABN 74 155 233 784 Australian Financial Services Licence 417488 | McKinnon Financial Services Pty Ltd ABN 82 056 817 648 Australian Credit Licence 392173 | General Advice Warning: Information contained in the pages of this website is of a general nature only and has not taken into account your particular circumstances. You should consider whether any strategies and or investments mentioned in this website are suitable for you and seek personal advice from a licenced investment adviser before making any investment decision.
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