Wealthmed Australia

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Wealthmed Australia Financial Planning | Tax & Accounting | Property & Finance |
www.wealthmed.com.au

Providing financial services including financial planning, accounting, finance, business management, property advocate + project management services to medical professionals based in and around the Sunshine Coast Queensland Australia.

A new $1,000 work deduction with no receipts needed can look generous, until a year of CPD bills is added up.It's called...
03/11/2026

A new $1,000 work deduction with no receipts needed can look generous, until a year of CPD bills is added up.

It's called the standard deduction, and eligible employees may claim it even if they haven't spent that much. Stethoscopes and other equipment can be part of a doctor's work costs. Conferences and related travel may push the total past $1,000.

Eligible employees can claim either the $1,000 or their actual expenses, not both. Records are needed to claim actual expenses.

Some items are claimable in addition to the $1,000. Union fees, income protection premiums and donations are among them. Keeping receipts through the year makes it easier to see which approach comes out ahead.

A couple can have a combined SMSF balance above $3 million without either member necessarily exceeding the individual $3...
01/11/2026

A couple can have a combined SMSF balance above $3 million without either member necessarily exceeding the individual $3 million threshold.

The threshold applies to each member’s own total super balance, rather than the SMSF’s overall balance.

Someone with super spread across several accounts is measured on the combined amount. Listing each one, including any defined benefit scheme, shows how close that figure sits to the $3 million threshold.

Cover gets taken seriously in medicine. The paperwork is another story.Wills, enduring powers of attorney and care direc...
28/10/2026

Cover gets taken seriously in medicine. The paperwork is another story.

Wills, enduring powers of attorney and care directives sit unfinished for a lot longer.

Doctors delay them about as long as everybody else does, and the profession offers no head start there.

You spend your working life looking after other people, which is reason enough to hand this part over. With your consent, financial, accounting and legal professionals can coordinate your needs, each providing advice within their area of expertise.

Some clients arrive on a strong income and still feel like they're going backwards.The pattern behind it comes up often....
26/10/2026

Some clients arrive on a strong income and still feel like they're going backwards.

The pattern behind it comes up often. They were disciplined about paying debt down, less consistent about leaving money sitting in an offset or redraw. Investing felt uncomfortable, and it kept sliding into the later pile.

Progress came from regular contributions to super and investments, not a clever product. A structured debt plan followed, and reviews to keep it on track.

Over the following years, some of those clients grew more comfortable holding growth assets. In a review, they could see where investing had worked, where it hadn’t, and where extra repayments were the better call.

There's no crystal ball in any of it, which is why the approach stays a mix. Details here are changed, and your own outcome may be different.

Surplus lands in the account. Where does it go?We hear three answers. Straight onto the home loan, into an investment, e...
21/10/2026

Surplus lands in the account. Where does it go?

We hear three answers. Straight onto the home loan, into an investment, even a small one, or split between the two.

Our view is that paying down debt and investing usually belong side by side. Waiting for a clearer read on markets is a decision too, and doing nothing carries its own cost.

An answer that helps is the one that fits what you're trying to achieve.

Which of the three is your default?

Any strategy with moving parts, debt recycling included, asks something of you every year.Doctors are short on time, and...
19/10/2026

Any strategy with moving parts, debt recycling included, asks something of you every year.

Doctors are short on time, and a plan shouldn't need constant attention.
Fundamentals matter more than the structure on top:

- Clarity on where the money goes
- Surplus that shows up month after month
- A cash reserve and cover already organised
- A risk level you can live with when markets move
- Automation, and a review that stays in the diary

Anything missing from that list is where the work starts.

Someone at work mentions a granny flat, or a podcast talks up a knockdown rebuild. The idea might be a sound one.The fir...
14/10/2026

Someone at work mentions a granny flat, or a podcast talks up a knockdown rebuild. The idea might be a sound one.

The first question we'd ask is what you're chasing, whether that's a tax benefit, extra income, or a stronger return. An idea that suits one of those goals can be the wrong fit for another.

Popularity isn't a reason to invest. The better question is whether the idea fits your goals, timeframe and appetite for risk.

Plenty of these ideas are worth a hearing. Run one past your overall strategy and the risk you're comfortable carrying, and it either fits or it doesn't.

Planning usually covers illness and accidents.What tends to get missed are the periods where income drops for something ...
12/10/2026

Planning usually covers illness and accidents.

What tends to get missed are the periods where income drops for something other than health. Five reasons come up again and again:

1. Growing a family
2. Caring for ageing parents
3. Taking leave to head off burnout
4. Going back to study
5. Changing direction within medicine

Every one of these takes time and money, and can mean a stretch on reduced income.
Inside a plan, they're manageable. Left until the day they arrive, you're asking what you can sell and how quickly.

General information only, not personal advice.

Doctors rarely need convincing that personal insurance matters.Working in medicine, you see what happens when illness or...
07/10/2026

Doctors rarely need convincing that personal insurance matters.

Working in medicine, you see what happens when illness or injury stops someone earning. Outside medicine, the more common reaction is that someone feels fit and healthy and can't see the point.

Knowing it matters is the easy part. Arranging it takes longer, because applications come with a health assessment, and a detailed medical history can slow that down.

Behind the paperwork sits the earning capacity built over years of training and a lot of sacrifice. It's the engine, and protecting it is what lets the good work carry on.

The debt is already there.Some doctors would rather put every spare dollar into the home loan and leave it at that. Inte...
05/10/2026

The debt is already there.

Some doctors would rather put every spare dollar into the home loan and leave it at that. Interest keeps leaving the account each month regardless. Once it reaches the lender, it's dead money to the banks.

Where it's appropriate, debt recycling asks whether that same interest could be working harder for you. Over time, the aim is for it to become deductible instead of dead.

Debt recycling starts with a loan you hold and plan to pay down anyway, and could potentially speed that up.

Lending rules, cash flow and your appetite for risk all feed into it. No two answers look the same.

Address

11 Eccles Boulevard
Birtinya, QLD
4575

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+611300887137

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