Posted in Financial Planning

I recently developed a strategy for a client which, in effect, will increase their compulsory employer superannuation contributions. Employers often 'package' their employee's remuneration package, possibly including a car allowance. However, some employers only calculate their compulsory super contributions based on the gross base salary (which doesn't include the car allowance component) If the car allowance component is say $17,000, the employee may miss ou...

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...

It is difficult to convey the actual value of dealing with a Financial Planner or Adviser. I consider myself a Comprehensive Financial Planner, which means that I act as an advocate for my clients in all of their financial dealings. Even that explanation may be difficult for a new client to understand what value I can be to them, so I decided to complete a weekly BLOG of some of the tasks I undertake for my clients on a weekly basis. If you are considering using me as your Financial Pl...

The terms 'Financial Planner' and 'Financial Adviser' are about to be enshrined in law. Effectively, this means that it will be a legal offence to call yourself a Financial Planner or Financial Adviser, unless you are licenced, and therefore suitably qualified. This is important for clients when seeking professional advice about their financial requirements, because they will now have the confidence of knowing they are actually dealing with a qualified and licenced ...

Here's an example of how easy it can be to plan your future with a professional Financial Planner. One of our client's recently contacted me to discuss if they could afford a trip to Europe in 2013. As they were a Total Service Financial Planning Client, we had all of their updated information on file, including their current Expenditure Analysis and details of their Income. I completed the projection this morning for them and determined that they could afford to pay fo...