Financial Planning Articles

Understanding the Changes to Superannuation in the 2016 Federal Budget

The recent Federal Budget handed down on May 3, 2016 contained major changes to superannuation. Superannuation can be confusing at the best of times and usually we don't try or feel the need to understand it until we are getting closer to retirement. For some, retirement and superannuation access is a long way into the future, however #e...

Net Medical Expenses Tax Offset | Phased Out

In the recent Federal Budget, the government has proposed to phase out the Net Medical Tax Offset, to commence 1 July 2013.

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.

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...

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

Understanding the Changes to Superannuation in the 2016 Federal Budget

Net Medical Expenses Tax Offset | Phased Out

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

No Financials Required | Car Loans

Life Insurance Review Saves $2,000

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