What are the implications of the QLD LNP’s abolishment of Payroll Tax for GP practices? We at Doctors Wealth look forward to advising clients of this significant change, hoping the detail is as good as the announcement.

The 2024 Federal Budget was announced on Tuesday, 14th May. It remains to be seen whether the government can avoid the Budget spending stoking inflation, and any resultant impact on interest rates.

By now the medical community is well aware of the recent pronouncement by the Queensland State Revenue Office. Importantly, the ruling applies to medical centres and health professional businesses.

Most Australians need a 20% deposit to avoid paying lender’s mortgage insurance (LMI). The good news as a Doctor is that some lenders only require a 5-10% deposit with no LMI needed.

Australia’s insurance regulator, APRA, is set to mandate further regulatory changes that will have a major impact on Doctors seeking income protection cover. So, what does this mean going forward?

Let’s consider the third wealth creation mistake Doctors can make: not remaining disciplined and managing their emotions and its impact on growing and protecting wealth.

James Freudigmann – PMC Property Buyers co-founder, qualified property valuer and property investment advisor weighs in on the potential pitfalls and wealth-creating possiblities of investing in real estate.

In Part 1 we considered the first of the biggest wealth creation mistakes Doctors make: Procrastination. Now let’s consider the second – poor choice of investment strategy.

What are some of the biggest mistakes you should avoid to create wealth, achieve financial security and enable you enjoy your life more? Over a three-part blog series we unpack how to maximise your financial opportunity and grow wealth.

Quality comprehensive personal insurance cover offers you peace of mind, and more importantly, provides financial security for you and your family, including financial and lifestyle choices you would not otherwise have if something happens to you.

Who is Your Ideal Patient?

One of your major expenses in life may be investing in your children’s education, including private school fees.

So why not start thinking about this concept and putting into practice for yourself!

Nobody gets married with a view to getting divorced later in life. As such, the benefits of prenups are easily dismissed in the lead up to a marriage.

Are You Eligible for a Claim on Your Insurances, But Not Realised It?

Changes to Depreciation Deductions for Residential Properties

Super – A Powerful Part of Your Wealth Creation

Refinancing could save you $10,000’s in interest and tax

Are you a Doctor wasting $1,000’s on a ‘better-than-nothing’ Income Protection policy?

What is estate planning and do I need it?