Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
How To Get the Most Out of Your Superannuation Fund as an Australian Doctor | Ep. 08
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, join me, Dr Bi Mian and Munzurul Khan, Chairman at KHI Partners, as we talk about Australia's superannuation system, its origins, and how doctors can optimise their retirement savings in today's modern landscape.
We discuss how Paul Keating's visionary math from the 1980s shaped Australia's retirement system, why the original 3% super contribution has grown to today's 12%, and the strategic reasoning behind making super tax-privileged at 15%.
We also talk about the clever ways to navigate contribution caps and Division 293 tax for high-income earners, why compound interest in super is a double-edged sword that demands early attention, and the costly mistake of ignoring default super fund settings that could be silently eroding your wealth.
If you want to make the most of the tax benefits and investment opportunities within superannuation, then make sure to listen to this episode!
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TIME STAMPS:
00:00 - Intro
00:47 - Superannuation Fund
08:36 - Changed Regulations on Super / Concessional Contribution
11:38 - Limit of How Much Money You Can Put In
14:53 - What Happens If You Go Over $30,000?
20:38 - Superannuation Is an Employee Benefit
28:06 - Picking the Right Fund
29:49 - Always Check Your Payslip
34:03 - Outro
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SHOW NOTES LINKS
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
https://khipartners.com.au/
https://au.linkedin.com/in/munzurul-khan-7ba6a318
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
