Six common financial mistakes
As part of our Financial Health Check, we will assess whether you are making any of the six most common financial mistakes. 82% of doctors are unknowingly neglecting at least four of these key areas. Unaddressed, these issues lead to overpaid tax, missed investment opportunities and unacceptable risk.
Lack of a detailed budget
Leading to insufficient investments, future debt challenges and missed growth opportunities
Inadequate or non-existent tax planning
Leading to a career of overpaid tax and even potential fines
Creating sub-optimal returns, poor structures and insufficient balances when needed as an income stream for a stress-free retirement
Incorrect asset and income structures
Leading to a lack of protection for major financial assets and higher tax costs
Suboptimal debt structure
Resulting in excessive, non-deductible, personal debt, lost deductions for your business and a higher tax burden for years to come
Insufficient insurance coverage and structure
Leading to personal, financial and career risk and major family financial pain and hardship if things go wrong, and in the event of a life payout massive tax bills on receipt and in the future (that can be avoided)
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Talk to us about a free Financial Health Check
Speak to a member of the team today about what a Financial Health Check could do for you and schedule a convenient time to have a chat with one of our specialist Private Wealth Managers.