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Articles by McKinley Plowman

UK Pensions face ‘Death Spiral’

October 25th, 2012

The Bank of England’s policy of quantitative easing has done “irreparable damage” to Britain’s final salary pension schemes, a leading economist has said. While the Bank has made no extension to its QE programme, it’s policy of forcing down long-term interest rates has caused huge problems for the pension schemes of many firms, according toread more

Private Health Insurance Rebate and Medicare Levy Surcharge Changes

October 25th, 2012

From 1 July 2012, access to the private health insurance rebate becomes means tested by reference to how much income an individual earns. Not all taxpayers will be entitled to the 30% rebate. Some higher income -earning taxpayers will be entitled to a lesser rebate amount and individuals and families whose income is higher thanread more

SMSF Trustees Must Consider Personal Insurance

October 25th, 2012

The government has now passed legislation that requires trustees of SMSF to consider whether insurance is required for the members of the fund as part of the investment strategy of the fund. The government's explanatory statement says that this change “will ensure that members consider their personal circumstances in regards to their need for insurance coverread more

750BN Lost in Forgotten UK Workplace Pensions

October 25th, 2012

People who move jobs and migrated have unwittingly amassed billions in forgotten pensions. Britain is heading for a “lost pensions” crisis with an increasingly mobile workforce predicted to create a £757bn trail of dormant pensions that could deprive them of thousands of pounds in retirement. Employees normally leave any pension entitlement with their former companyread more

Personal Property Security Act (PPSA)

October 25th, 2012

The Personal Property Securities Act (2009)1(PPSA) is new legislation that substantially changes the way security is taken over personal property. It applies to almost all forms of tangible and intangible personal property (e.g. boats, vehicles, machinery, inventory, contractual rights) except real estate and applies to everyone including small businesses and consumers. Manufacturing, wholesale and retailread more

Marketing/Sales Hints

October 25th, 2012

Co-operative Promotion  As a means of broadening your target market base and advising of the availability of products that you have for sale, have you considered negotiating with another organisation to sell their products for a commission? You may be able to do this as a value-add to the products that you are currently supplyingread more

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