Why Doctors And Dentists Should Not Ignore Super

Yves SchoofSuper

The start of a new financial year is a good time to review your superannuation arrangements:

 

  • Do you still have multiple funds and pay multiple fees?

 

  • Is your fund expensive in terms of fees?

 

  • How is your money invested?

 

  • What is the performance like?

 

  • Should you be contributing extra?

 

 

The trap for many self-employed doctors and dentists is to ignore superannuation, which means you miss out on valuable compounding and tax benefits.

 

Making concessional super contributions can provide you with a significant income tax deduction, and allows you to invest in a very tax-effective environment.

 

Superannuation will typically still be a very important part of your retirement income, so it makes sense to maximise your benefits.

 

You may also find some useful tips in this article HERE.

 

 

P.S. Whenever you are ready, here are 4 ways I can help you optimise your finances:

 

  • Grab a free ebook HERE or let me know if you wanted a copy of Your Financial Health Matters posted out to you.

 

  • Subscribe to our newsletter or follow me on LinkedIn to receive regular relevant content.

 

  • Take the 2-minute Health Check and find out what areas of your finances you need to tackle.

 

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Yves Schoof
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Yves Schoof

Author | Specialist Adviser for Medical Specialists and Surgeons at Affluence Private Wealth
I specialise in managing and coordinating the financial affairs of medical professionals and have been recognised as one of the best financial planners in Australia. I am a Certified Financial Planner and member of the Financial Planning Association of Australia.

As I understand your time is extremely valuable and scarce, I am able to offer flexible meetings times, including outside business hours and during the weekend. I can even come and meet you somewhere convenient, or talk via videoconference on Skype.

My first consultation is free. I allocate up to 90 minutes to discuss your personal circumstances and to establish how I may best assist you. Where you already have an existing adviser, I would be happy to offer a second opinion. I always quote a fixed dollar fee before we start working together.

Please contact me on yves@affluenceprivate.com.au or call me direct on 0432 885 295. You can follow me on Twitter @YvesSchoof or connect with me on LinkedIn to receive new articles.

DISCLAIMER
Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313. 

The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.
Yves Schoof
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