#EveryoneNeedsaPlan to Get Some Cash Back When Switching Home Loans

Posted by G. Dean McKinnon on 11 March 2022
Many home loan lenders are now actively seeking new business and they are willing to pay for it.

Some lenders will offer up to $4000 cashback paid to the borrower if they switch their home loan.  The borrower can use this money for whatever purpose they deem fit.

The new home loan lender may also have low upfront costs as well (some don't even have an Application Fee), so the whole process may be very quick and easy and cost-effective. But make sure you check the home loan details ...
Posted in:Mortgages and Finance   0 Comments

#EveryoneNeedsaPlan to Pay Their Life Insurance During the Flood

Posted by G. Dean McKinnon on 10 March 2022
Many families are suffering the devastating impact from the recent floods and they should not have to be concerned about ensuring there life insurance policies remain in force even if they cannot pay the premium for a short time.

Many life insurers are offering premium waiver benefits to their clients that have been impacted by the recent floods.  Some insurers will waive the premiums for up to two months.

If you need assistance meeting your life insurance premiums it is recommended yo...
Posted in:Insurance   0 Comments

#EveryoneNeedsaPlan to Pay Employee Super If Earning Less Then $450 per Month

Posted by G. Dean McKinnon on 9 March 2022
From 1 July, 2022 employers will need to pay super for employees who earn less then $450 per month, which was not previously payable.

Employers need to contribute to the employee's super 10% of the employees gross income each financial year quarter.  The whole process can be complicated, so if you are unsure as to your obligations, the ATO has provided some guidance and an Employer Obligation Checklist.

McKinnon Financial Planning's Total Service Clients that utilise our bookke...
Posted in:Superannuation   0 Comments

#EveryoneNeedsaPlan to Not Pay the ATO's High Interest Rates

Posted by G. Dean McKinnon on 8 March 2022
When you arrange a payment plan with the ATO you are charged interest rates which are likely much higher than the rate you can achieve in the market.

The ATO review their interest rate on a quarterly basis.  The most recent quarterly update for April – June 2022 was recently published, increasing the General Interest Charge (GIC) rate to 7.07%.

The GIC is applied for late payment of taxes and other obligations, is compounded daily, and tax-deductible.  However, an easy way a...
Posted in:Tax   0 Comments

#EveryoneNeedsaPlan for Flood Assistance

Posted by G. Dean McKinnon on 7 March 2022
Many life insurers and mortgage lenders are offering their clients assistance with their premium and mortgage loan payments, if they have been affected by the recent floods, so do not hesitate to contact your insurer and mortgage lender if you need help.

McKinnon Financial Planning provides assistance to all clients affected by the recent flood, so do not hesitate contact us if you need help....
Posted in:Insurance   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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