As a medical professional we understand the demands on your time. It’s hard enough to manage your practice, let alone find the time to manage your personal finances.
The medical profession has some unique characteristics which means specialist advice can be of significant benefit. Lifewealth can help you:
- Structuring your Practice in a tax effective manner and helping you to understand the PSI rules.
- Ensuring risk is appropriately managed by arranging comprehensive insurance protection.
- Making the most of salary packaging and FBT concessions.
- Use surplus cash flow to diversify your investments and asset base to provide other passive income sources.
- Integrating tax-planning with any Investment strategy including superannuation advice to optimise post tax outcomes.
- Establishing companies and/ or trust structures for asset protection and to tax-efficiently transfer wealth to children and other family members