How We Helped a Doctor Save $10K Annually and Build Long-Term Wealth
Vania Wang • January 14, 2025
Case Study: How We Helped a Doctor Save $10K Annually
and Build Long-Term Wealth
One of our clients, a cardiologist, came to us feeling frustrated. They were earning a strong income and investing regularly, but their wealth wasn’t growing as fast as they’d hoped.
After reviewing their situation, we found several areas for improvement. Their investments were held in their own name, which meant they were paying taxes at the top marginal rate.
They were also missing out on key deductions and weren’t using their superannuation accounts to their full potential. We worked together to restructure their finances. By moving their investments into a family trust, they could distribute income to family members on lower tax rates.
We also restructured their loans to reduce interest payments, freeing up cash flow for other investments. One of their properties was operating at a loss, but we used negative gearing to offset their taxable income, saving them thousands.
Finally, we optimised both their and their spouse’s super accounts, taking advantage of lower tax rates to build long-term wealth. The results were immediate. They now save $10K annually in taxes and have better cash flow, allowing them to invest more effectively.
Their assets are also insulated from potential litigation, giving them peace of mind about the future. This is a perfect example of how the right advice can make a world of difference. If you’re feeling stuck or unsure about your financial progress, a specialist accountant can help you unlock new opportunities and achieve your goals faster.
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