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

How can doctors save tax and pay off their mortgage faster?

Yves SchoofBusiness

doctors save tax

In a previous article, we have already established that the main frustration for many doctors is paying too much tax. We also highlighted 3 strategies to build wealth and save tax. You can read this article by clicking HERE. However, there is one additional strategy that can help doctors save tax and also pay off their mortgage faster. It involves … Read More

3 ways doctors can build wealth and also save tax

Yves SchoofFinance, Investments

The number one frustration is undoubtedly that you pay too much tax. In fact, most doctors would pay 49% tax on the majority of their income. Whilst smart tax planning is essential to keep your fair share of your earnings, all too often people make financial decisions on the sole basis of a tax deduction. This can lead to costly … Read More

Why doctors need to keep their financial affairs simple…or outsource them

Yves SchoofFinance

Most medical specialists and surgeons have very little spare time, and any time not spent on generating income has a very high opportunity cost. Your time is best allocated to working on your practice and seeing patients. To save time, it therefore makes a lot of sense to streamline your finances and avoid complexity where possible. However, in many circumstances, … Read More

Is Super still so super?

Yves SchoofBusiness

Many people have a love-hate relationship with superannuation. So it is worth considering whether super should still be a major focus of your wealth accumulation strategies. Let’s explore some of the advantages and disadvantages of superannuation. Advantages – Superannuation forces you to take a long-term investment view, as the funds cannot be accessed until you reach preservation age. This helps … Read More

How to beat the share market jitters

Yves SchoofFinance

It has been an interesting couple of weeks on the share market again. Headlines such as ‘Bloodbath on the share market’ or ‘Billions wiped off the ASX’ don’t do investors any favours. If anything, they create anxiety and stress where it is not warranted. Yes, share market losses affect nearly everyone, by virtue of being invested in superannuation funds. However, … Read More

What does it take to achieve your financial goals?

Yves SchoofFinance

There are 4 main stages where we help you get closer to the achievement of your goals. Dream In the first two meetings, we will help you establish your personal values, and encourage you to dream. Most people have never taken the time to fully discover what is important to them, which often makes this an eye-opening and revealing exercise. … Read More

Superannuation and art – end of the love affair?

Yves SchoofBusiness

Many of my clients (in particular medical professionals) are keen art collectors. Until a few years ago, self managed super funds were the investment vehicle of choice to invest in art. However, with the July 2016 deadline looming, many SMSF investors have started to dispose of their art and collectibles. The new rules apply to all new SMSF investments purchased … Read More