It’s always a good idea to build your wealth. Perhaps you’ve already purchased an investment property or bought shares. Or maybe you only recently started thinking about building an investment portfolio. As a doctor, you are considered to be in an occupation that is generally considered to be high risk. Therefore, an important consideration when determining ownership structure is asset protection.
What makes a business high-risk?
It could be that you’re...by the bongiorno group
There are some important changes coming to superannuation and they could have a major impact on your personal finances.1. Rising contribution ratesAs of 1 July 2021, the employer super contribution rate will increase from 9.5% to 10%. The rate will rise again by 0.5% each year until it reaches a 12% contribution rate on 1 July 2025. While these super rate increases have generated a measure of political controversy, in our view it is unlikely they will be repealed.2. Concessional...by the bongiorno group
What the 2021 federal Budget means for you
After one of the most challenging years in living history, the 2021–22 federal Budget has been designed to boost Australia’s economic recovery.On a more personal level, the Budget announced by Treasurer Josh Frydenberg on 11 May includes provisions that will have a major impact on your personal and business finances.Young medical professionalsExpansion of the First Home Super Saver (FHSS) SchemeThe 2020-21 Budget will help more...by the bongiorno group