The Money Doctors

When you first start a private practice or first receive payments through your own Australian Business Number, the tax you’re required to pay is not obvious and it’s not immediate. It feels as if, you’re on some kind of tax-free honeymoon. That’s according to the Bongiorno Group’s Director Jim Tsirtsakis. Be careful, he warns, as you can be slogged for a big tax bill at some point down the track. In this episode, Jim discusses the issue with the Group’s Nick Fennessy.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Whether you’re looking to invest in apartments, units, or houses, or if you want to renovate, or build from scratch, you need to understand what your objectives are. That’s according to 1Group Property Advisory Director, Julian Muldoon, who discusses with Bongiorno Group Nick Fennessy the major things you should consider when investing in property.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Salary packaging is an important way to reduce tax. To explain why, we hear from the Bongiorno Group’s Matthew Homewood and Mitch McKeown.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

One of the biggest decisions for any a medical professional is buying a room. There are many things to consider, including the location, the business strategy, financing, and so on. To discuss the ins and outs is the Bongiorno Group’s Director, Jim Tsirtsakis, and 1Group Property Advisory Director, Julian Muldoon.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

There’s so much to think about as a junior doctor. You’ve always got more to learn about your profession, as well as the financial pathway in your career. On top of all that is considering what insurance is right for you. It’s an important topic – and to help guide you through it is the Bongiorno Group’s Matthew Homewood and Mitch McKeown.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

An important consideration for a lot of junior doctors is the impact inflation is having on their HECS debts. The big question is whether they should consider trying to re-pay earlier.

The Bongiorno Group’s associate directors Vanessa Smith and Ricky Caldow explore the issue, including the loan’s indexation with inflation.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Is it worth buying an investment property first, before buying an owner-occupied home? That’s a question a lot of medical professionals ask Ricky Caldow, associate director at leading financial services organisation the Bongiorno Group. Rick discusses some of the many things to consider with 1Group Property Advisory Director, Julian Muldoon. For instance, whether you buy a home as an investment or to live in, you need to understand the different tax implications.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Becoming a doctor is a long and arduous journey. It all begins with an undergraduate and post-graduate education, followed by a considerable HECS debt. That debt affects your capacity to borrow. So says Matthew Homewood and Mitch McKeown, from leading financial services organisation the Bongiorno Group.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

A lot of doctors working at hospitals take up the opportunity to obtain a car via a novated lease. Salary packaging firms obviously have a stake in your choosing a novated lease. But, it’s important to have a careful look at the details, particularly the incentives around electric vehicles purchased through novated leases. The Bongiorno Group’s Associate Director Ricky Caldow and Director Nick Fennessy explain some of the finer points.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

There comes a stage early on in many a doctor’s career when they’ll need to consider obtaining an Australian Business Number, or ABN. To explain what it means in a practical sense, is the Bongiorno Group’s associate directors, Ricky Caldow and Mitch McKeown.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.