Financial planning for doctors

FEDERAL BUDGET 2018

Introduction

Update

Property

Shares

Family

Articles

Legal Stuff

Introduction

Welcome to the Whole Wealth analysis of the government's Federal Budget 2018/19. Like many predicted it is an election budget with plenty of carrots to entice the masses to vote for the LNP. Luckily for the government, the economy gods have smiled upon them, giving them a growing global economy, which in turn has given Australia a growing economy and more money in the treasury coffers then they had projected previously.  

Like all budgets they are contingent on the proposed legislation to pass the House of Representative, the Senate, and receive the Royal Ascent from the Governor General (usually a given). Currently the government has the majority in the House of Representatives but will have to work with the Senate to pass the bills.

The first round of tax cuts will be implemented post elections so are dependent on the Liberal being voted into parliament. The more significant tax cuts come into play 7 years from now.

There will also be major spending for infrastructure to commbat Australia increasing population. The lion's share of this spending will be distributed 

It starts off with tax cuts for more than $10 million Australians. For those earning up to $90,000 will save about $530, 

Principal Wealth Strategist 

Guy Rasmussen

 

Update

The Tax Time 

Last month we had the 2018/19 Federal Budget 

The Budget 

Last month we had the 2018/19 Federal Budget 

Whole Wealth Portal

Ou

Property

 

Hobart leads the way.

Shares

 

April was an unusual month in the Australian sharemarket. The market rose by 4% across the month. The unusual element was how smooth that rate of growth was. Here is how it looked on Yahoo Finance

Family

 

Brayden

Brayden has just finished his first term of

Articles

November 17, 2018

The federal government is facing growing calls to scrap or overhaul controversial changes to capital gains tax (CGT) exemptions for Australian expats, but tax watchers say now is the time to plan ahead and avoid getting slugged. 

Set to  affect about 100,000 Australians living and working overseas, the changes would deny CGT exemptions for homes sold while the owner was outside Australia, a retrospective slug as far back a...

November 17, 2018

Associate Professor Justin Tse reflects on how his academic post helped pave the way for a fulfilling career in medicine and academia.

Having begun his career in medicine as a general practice registrar, Associate Professor Justin Tse remembers the time fondly.
 
‘I had wonderful experiences in both rural and metro settings, and was supported by generous and amazing general practice supervisors,’ he told newsGP. ‘Our training p...

November 17, 2018

Note: This article is updated regularly when new financial advisers join the independence club (latest update October 2018). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an independent adviser (we now have 3 categories). Anyone seeking an independent adviser needs to conduct their own research on whether an advis...

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LEGAL STUFF

General Advice and Tax Warning

 

The above suggestions may not be suitable to you. They contain general advice which does not take into consideration any of your personal circumstances. All strategies and information provided on this website are general advice only.

 

Please arrange an appointment to seek personal financial and/or taxation advice prior to acting on anything you see on this website.

 

The tax-related component of the above discussion was prepared by Dover Financial Advisers Pty Ltd, AFSL 307248. Dover Financial Advisers is a registered tax (financial) adviser.

 

The legal component of the above discussion was prepared by MLA Lawyers Pty Ltd.

 

The credit-related component of the above discussion was prepared by Dover Financial Advisers Pty Ltd, AFSL 307248. Dover Financial Advisers holds an Australian Credit Licence.

 

Contact Details

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Licencing Details

Guy Rasmussen is an authorised representative (1238998) of Dover Financial Advisers Pty Ltd.

 

GM Rasmussen Pty Ltd ATF Whole Wealth is a corporate authorised representative (1251211) of Dover Financial Advisers Pty Ltd.

 

Dover Financial Advisers Pty Ltd AFSL 307248 | ABN 87 112 139 321 | 71 Tulip Street, Cheltenham, VIC 3192

 ©2016 WHOLE WEALTH

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