The Weekend News For Doctors

Yves SchoofFinance

There was some interesting news for doctors in this weekend’s Australian Financial Review. Please find below a brief summary of how various news items affect doctors. High-end property harder to finance Banks are starting to enforce stricter lending terms and conditions for multimillion dollar properties. These types of property deals will be more closely scrutinised, which may force buyers to … Read More

Doctors And The 2016 Budget: What You Need To Know

Yves SchoofFinance

Whilst the media are labelling the Federal Budget as a win for high income earners, I believe the exact opposite is true, with superannuation the hardest hit in terms of strategy options. In this article, I will highlight the main issues for Doctors and the 2016 Budget. Superannuation down and out? There is no doubt that superannuation is becoming less … Read More

Do You Know Your Medical Practice Financial Results?

Yves SchoofFinance

If you are not benchmarking your medical practice financial results on a monthly basis, then you are leaving the success of your practice to chance. Unfortunately, the reality is that many specialists and surgeons do not have systems and processes in place to capture and review their monthly data. In this article I will highlight why it is important to … Read More

Investment For Doctors: How Much To Allocate To Healthcare

Yves SchoofFinance

In this article I would like to explore investment for doctors, and in particular whether doctors should overweight their investments in healthcare-related assets such as medical real estate, biotechnology and healthcare stocks, as well as their own practice. Your own practice or business Running and growing your own medical practice and potentially another associated healthcare business (e.g. offering post-operative care) … Read More

4 Critical Factors For Medical Practice Success

Yves SchoofFinance

Planning does perhaps not make perfect, but I am a firm believer that as a doctor you can design your medical practice success. In this article I want to highlight 4 critical factors that will enhance the chances of achieving medical practice success. Quality of care It goes without saying that this is a pre-requisite. If patients don’t see you … Read More

A Little Known Investment Option For Doctors

Yves SchoofFinance

Most doctors would be using at least one or two different investment structures for asset protection and tax planning purposes. Typically this would be a family trust and/or superannuation fund. However, there is another useful structure that most doctors would not have heard of before. In this article, I will be exploring ‘investment bonds’ for doctors (or insurance bonds) in … Read More

Key financial issues for doctors nearing retirement

Yves SchoofFinance

You have worked hard your entire career and want to make sure that your affairs are structured in the best possible way, so you can enjoy a comfortable retirement. What financial issues should doctors nearing retirement be reviewing? Superannuation strategies There is no doubt that superannuation should be high on your agenda. Below is a non-exhaustive list of issues that … Read More

Key financial issues for doctors in private practice

Yves SchoofFinance

There is no doubt that doctors in private practice face many different challenges and complexity. Let’s have a look at some of the most important financial issues you will be facing when running your private practice. Superannuation If you are not employed in any way, and run a private practice, personal deductible contributions would allow you to grow your super … Read More

Key financial issues for Fellows and Medical Specialists

Yves SchoofFinance

Doctors face different financial issues at different stages throughout their career. In this series of articles, I would like to explore these issues in more detail. In this article I will outline the key financial issues affecting Fellows and Medical Specialists in Private Practice. Repaying your mortgage In previous articles (click HERE) I have highlighted the advantage of paying off … Read More

Key financial issues for interns and registrars

Yves SchoofFinance

Doctors face different financial issues at different stages throughout their career. In this series of articles, I would like to explore the main financial considerations at specific stages of your career. Let’s start with the key financial issues for interns and registrars. Buying a house Property ownership is a common goal for many young professionals, and it is no different … Read More