Buying Your Rooms Through Super

Yves SchoofPrivate Practice

Buying your rooms through super has become a very popular strategy among Medical Professionals, and it is not hard to see why. Under the right circumstances it can be an excellent wealth creation strategy. However, it can also be a rather complex arrangement and it is not necessarily right for every Medical Professional. As part of our collaborative series “Avoiding … Read More

Financial Advice For Doctors – Our Process

Yves SchoofFinance

financial advice for doctors

We have built a considerable expertise in providing financial advice for doctors. We work with doctors in their late 20’s and 70’s and any age in between. This gives us a particular insight in the different financial issues affecting you throughout your career. We work with Surgeons, Specialists and GP’s as well as other healthcare professionals such as dentists and … Read More

Doctors and financial stress

Yves SchoofFinance

Do doctors experience financial stress as well, despite their higher than average incomes? Yes, in fact I believe that many doctors do experience financial stress, whether it is as a result of a lack of time or knowledge to manage your financial affairs, or whether it is because your lifestyle is putting pressure on your cash flow. Doctors are like … Read More

Doctors and property scams- how to avoid them

Yves SchoofInvestments

It is no secret that many Doctors have a love affair with property. There are some very simple reasons for this: property is perceived to be safer than shares, doctors can easily borrow money for property, and property investment offers many tax deductions. Yet, there is also such a thing as a bad property investment, and I have seen many … Read More

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

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

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