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Medical Professionals

MEDICAL PROFESSIONALS

With over 25 years of industry specific experience, Wright Evans Partners assists health care professionals to achieve their financial goals. Through detailed and guided advice, we can help you to minimise your tax, purchase and protect your assets, as well as invest and plan for a financially secure future. With a fresh and contemporary approach to tax, we thrive on the financial happiness of our clients.

OUR EXPERTISE

Our extensive expertise includes:

  • Tax planning and advice
  • New practice establishment
  • Business purchase legalities
  • Practice structure advisory
  • SMSF and retirement planning
  • Cash flow strategies
  • Insurance and asset protection
  • Marketing strategies and implementation

When it comes to handling your finances, Wright Evans Partners provide simple solutions to help you invest, grow and protect your wealth throughout your career.

Which all starts with a complimentary income tax return.

If you are a medical or dental student, you are eligible to receive a free tax return and complimentary consultation with one of our financial advisers, throughout the duration of your studies.

Call us today on (08) 8208 4777 to book your appointment.

The majority of Australians have no trouble insuring their home and contents from fire, theft and weather damage. It makes a lot of sense to take out insurance on your home.

It’s your biggest asset, right?

Wrong…

The average Australian could earn around two and a half million dollars1 in their lifetime, much more than the value of the average home. And yet the majority of income earners don’t insure their largest asset – their income earning capacity.

Income protection insurance (also known as salary continuance) is designed to provide a regular income in the event that you are unable to work due to sickness or injury. Generally, income protection insurance provides a regular income during a period of disablement for up to a pre-determined and agreed benefit period. The benefit amount payable is up to 75 per cent of your income.

Because we know how critical income protection is to your career, WEP offers a 20% rebate off an income protection insurance premium if you take out a policy within the first year of employment. 

Call us today on (08) 8208 4777 to discuss your options.

 

1 Based on full-time adult average weekly ordinary times earnings multiplied by 40 years of continuous employment [Earnings Source: Average Weekly Earnings, Australia, May 2017, ABS]

Earning such a significant income unfortunately means you are also subject to significant tax obligations. Fortunately for you, we know all of the finer details of what you can claim during tax time to reduce your amount payable.

Our team can help to structure your salary, superannuation, investments and debt to create significant tax savings. However, tax planning can also involve advising on business growth, staff retention, remuneration and capital gains exemptions.

Time is money and we can save you on both!

Financial Timeline & Implications for Medical Professionals

Timeline of a Doctor
InternshipDebt Consolidation, Tax Planning Seminars, Salary Sacrifice Advice
RMOWithholding Tax, Register for GST, Business Planning
RegistrarWithholding Tax, Register for GST, Business Planning
ConsultantBusiness Education, Superannuation Contributions, Financial Planning and Advice
Private PracticeBusiness Structures, Business Advice, Investment Strategies, Asset Protection
Timeline of a Dentist
GraduateDebt Consolidation, Tax Planning & Seminars, Salary Sacrifice Advice
Practicing ContractorWithholding Tax, Register for GST, Business Planning
EmployeeBusiness Education, Superannuation Contributions, Financial Planning Advice
Practice OwnersBusiness Structures, Business Advice, Investment Strategies, Asset Protection