News

McKinnon Financial Services is constantly updating its knowledge in the following areas and is keen to pass on the knowledge to clients.

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How 3.90% Finance Cost $2,622.12 More Than 8.10%

There is a lot of marketing by car manufacturers and motor dealers at present about their 'special low' Interest Rates. Unfortunately, as with most things that sound too good to be true, it usually is.

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No Financials Required | Car Loans

The vast majority of vehicle financiers now require the 2010 Financial Year statements from your business before final approval. Unfortunately, you (or your accountant) may not have finalised your 2010 accounts, which could stop you from buying or updating your vehicle before the end of the June, which is traditonally the time to take adv...

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Life Insurance Review Saves $2,000

Most income protection policies automatically increase the amount insured each year, to help you keep pace with inflation in the event of a claim. The insurer usually sends you notification of the increase to the amount insured and the premium, but unless you (or your adviser) review the policy, all of the other details remain the same.

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Earn Tax-Free Income

It's not very often that the ATO allows you to earn income without paying tax, but you can earn tax-free income from hobbies. A common example of this type of tax-free income are fees earned from refereeing social sports (e.g. touch football, netball, etc.). We have a client that earns an average of $200 per week during the season fro...

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Mortgage Exit Fees Banned

Until recently, the majority of lenders charged an exit fee if you paid out your home loan before the end of the term, which could add up to thousands of dollars. These fees discouraged, or in many cases, financially prevented you from refinancing your uncompetitive loan. As of the 1st July 2011, the federal government has banned these ty...

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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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