Category: IQ+

LAFHA for Doctors

Just about all medical professionals have the ability to earn good money working away from home on short or long term locum placements, as such the proposed changes to LAFHA legislation could affect you and your colleagues. What are the changes announced by the Australian Government? Two changes were announced in the Government’s mid-year budget […]

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Private Health Insurance for Doctors

At MEDIQ Financial we recommend all clients maintain good quality health insurance. Currently the government assists with the cost of private health cover by giving a 30% rebate on the premiums. An important change will take effect from 1 July 2012, when for the first time the private health insurance rebate will be income tested. […]

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Investing in Uncertain Times

Due to the prolonged period of investment market volatility that we are currently experiencing, an article with a heading like this might seem like old news. However with renewed uncertainty coming out of Europe, the possible knock-on effect into China’s manufacturing and our resources boom, heightened levels of fear in the market pushed all major […]

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2012 Federal Budget – A Summary for MEDIQ Clients

The 2012 Federal Budget only contained few surprises as many of the measures had already been legislated or pre-announced. The main winners were lTaxsaower income earners, families and the elderly. Summary The key new announcements include: tax may increase on certain employment termination payments the reduction in the company tax rate isn’t going ahead the […]

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Personal Services Income (PSI) – What is it and how does it affect me?

The concept of Personal Services Income and the rules we are about to explain all came about to address the once common practice of using company and trust structures to move income away from a key person to other family members or lower tax rate entities. Let’s start at the beginning, what exactly is regarded […]

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Investment Properties and the Tax Effect

It is not surprising that investment in property is such an attractive proposition when the majority of Australia’s wealth is formed out of real estate. With a relatively relaxed tax treatment by world standards of investment properties,  the Australian investment property is an extremely popular wealth creation strategy for medical professionals. The tax effect in […]

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Life Insurance for Doctors

As a doctor you spend a lot of your working life trying to save the lives of your patients, but what if it was your life that couldn't be saved?

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Income Protection for GPs – Are you Protected?

How to protect yourself if you are diagnosed with blood borne diseases such as Hepatitis B, Hepatitis C or HIV.

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Financial Advice for Doctors

With the festive season behind us, 2011 has arrived and we now have less than 6 months of the financial year to plan for tax. For medical specialists it is important at this time of the year to review superannuation contributions and ensure that they are heading for the right mark as at June 30. […]

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Doctors and the efficient use of tax deductions

No one likes paying tax, possibly the most obvious statement anyone can make about business in Australia, but this does not mean we cannot work within the law to ensure the amount of tax is at its absolute minimum. Medical professionals are high income earners which is reflective of the rate of tax applied against […]

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