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What you need to know about Income Insurance Claim Payments to Avoid A Tax Bill
Posted by Dean McKinnon
on 27 October 2015
 "What you need to know about Income Insurance Claim Payments to Avoid A Tax Bill")
Do you know if your Income Insurance Claim Payments are Taxable?
The answer is 'Yes, they are' so don't get caught at tax time with an unexpected tax bill!
Life insurance companies are very quick to tell you that your Income Insurance premiums are fully tax-deductible whether you pay the premium, or your employer pays the premium on your behalf.
Unfortunately, most people are not aware that any Income Insurance claim payments received are ta...
Unfortunately, most people are not aware that any Income Insurance claim payments received are ta...
| Posted in:TaxInsuranceFinancial Planning | 0 Comments |
Income Insurance is Tax Deductible
Posted by Dean McKinnon
on 19 October 2015
 "Income Insurance is Tax Deductible")
Do you know what your tax savings could be if you have Income Insurance?
Most people understand that Income Insurance premiums are tax deductible, but are unsure exactly what the savings might be for their particular circumstances.
The actual dollar-cost saving will depend on your Income Insurance premium and your Marginal Tax Rate ("MTR"), which is dependent upon your Taxable Income you can click here to check what your particular MTR might be.
In order to illu...
The actual dollar-cost saving will depend on your Income Insurance premium and your Marginal Tax Rate ("MTR"), which is dependent upon your Taxable Income you can click here to check what your particular MTR might be.
In order to illu...
| Posted in:TaxInsurance | 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...
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 |
Top 4 Tips for Financial Planning In Your 40s
Posted by Dean McKinnon
on 25 September 2015
 "Top 4 Tips for Financial Planning In Your 40s")
You are in your 40s now you have officially become the parents of your youth!
Your 40s is when the serious financial planning becomes a priority and not just something you will eventually get around to starting one day.
Whilst "retirement" was the ultimate end goal for your parents' generation, "financial independence" is now the bulls eye for which you will likely be aiming when you are in your 40s.
Gone are the days of the "week-days: ...
Whilst "retirement" was the ultimate end goal for your parents' generation, "financial independence" is now the bulls eye for which you will likely be aiming when you are in your 40s.
Gone are the days of the "week-days: ...
| Posted in:PropertySuperannuationMortgages and FinanceInvestmentInsuranceFinancial Planning | 0 Comments |
