McKinnon Financial Planning has three Client Service Options available: Total Service Client Essentially, we take care of all of your financial needs for you, so you don't have to worry about anything - including: Developing and reviewing a Comprehensive Financial Plan Consolidating and maintaining Superannuation (including Self-Managed Super Funds) Arranging and maintaining salary-packaging Arranging and maintaining Life Insurances Arranging Fin...

There were some changes to the taxation of superannuation contributions, as of the 1st July, 2013. Here's a quick summary of the changes to tax-deductible superannuation contributions: Tax-Deductible Super Contributions In their wisdom, some years ago now, the government thought it would be a great idea to change the reference term for tax-deductible super contributions from the easy-to-remember 'Tax Deductible Contributions', to the what-the 'Concessional Contribut...

With interest rates at historical lows, it may be worth considering whether or not you should fix it. At least one of our lenders is offering a 5.49% fixed rate for 5 years - that's low. Following are some guidelines, which may help you decide: Are You on a Tight Budget? If you're on a tight budget, fixing your interest rate will at least give you peace of mind, knowing your repayments won't change during the fixed rate period. Do You Expect Any Changes in Your ...

How the economy actually works is not an exact science, because an economy is made up of people....and people can be unpredictable and emotional creatures, at times, so we can do things that don't make sense. But if you want a broad-brush view of how the economy is supposed to work, go to to this YouTube site of Ray Dalio's, and spend 30 minutes. Ray has provided one of the best explanations of how an economy basically works, so it's worth the time. Here's the link:...

I recently finalised a data audit for a client's Life Insurance Review. As part of my detailed audit process, I discovered the client was only covered for half of their insurable income, and they had to prove their income at the time of claim! What Does Income Insurance Cover? It's a good question. Unfortunately there is no simple answer (of course there isn't). As with most insurance contracts, what your income insurance actually covers depends on the insurer and t...