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
What Doctors Should Actually Do About The New Trust And CGT Rules | EP 82
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
-----
Roger Wheelahan, principal at IFD Financial Planning, our in-house financial planning team, joins us to go through the May 2026 budget changes one by one. We recorded this in late September, while a lot of it is still in draft legislation, so think of it as a snapshot of where things stand right now and what we're telling clients to do about it.
We start with the change doctors have called about the most, the new 30% tax on family trusts. Roger explains what the government is actually trying to stop, why the latest draft lets you fix a beneficiary once, and why that means bucket companies aren't dead after all. He also walks through how a bucket company really works, why no one can own a trust, and how he structures his own businesses.
Then we get into capital gains tax and the move back to the indexation method. Roger breaks down why there will be two calculations, why so many properties will need a valuation on 1 July 2027, and what share price counts on the day. He shares how one IFD client hedged their trust and bucket company ahead of the changes, why share portfolios are looking more favourable than property right now, and why the first question is always who owns the asset.
If you've got a family trust, a bucket company or an investment portfolio and you're not sure whether to act yet, start here.
-----
TIME STAMPS:
00:00 Intro/Hook
00:59 May 2026 budget
01:29 Roger and IFD Financial Planning, one year in
02:08 Why we're time stamping this episode
02:48 Taxing unrealised gains, then the family trust shock
03:29 Why we told clients to stay calm for now
04:22 The three big changes: negative gearing, capital gains tax and family trusts
05:48 What the government is really trying to stop with trusts
09:25 A minimum 30% tax on investment earnings
09:58 Fixing a beneficiary, the latest draft
11:04 Why bucket companies aren't dead
13:30 Would you send everything to the bucket company?
14:58 Case study: how one client hedged their trust and bucket company
17:06 How a bucket company works, and why no one can own a trust
19:49 How Roger structures his own businesses
20:42 Capital gains tax and the move back to indexation
21:26 Valuations, the 50% discount and your base cost on 1 July 2027
22:38 What share price counts on the day
24:18 Property prices sliding and new builds down 20%
27:05 How clients are reacting to the CGT changes
27:57 SMSFs and investment bonds back in focus
28:37 Why share portfolios are looking more favourable
30:11 Who owns the asset comes first
31:26 Conclusion/Outro
-----
SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
Roger Wheelahan: https://www.linkedin.com/in/roger-wheelahan-8ba53149/
Smart Start Financial Services: https://smartstartfs.com.au/
-----
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
-----
FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
-----
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.
