medical professionals

“I'm busy with patients, but I need to build a substantial property portfolio to match my practice income.”

Profile

You’re a medical professional running your own surgery or working within the medical field and busy with patients. Your income is reliant on your personal exertion and you pay a healthy amount in tax.

You want to work smarter and build up a substantial asset base that will provide you with the income you need, and you want one that is low maintenance and sound in approach.

DPN has worked for years with medical professionals to establish portfolios that provide a passive income, substantial tax benefits and asset protection. DPN’s specialized service for medical professionals includes exclusive finance products and advantages that are available only to members of this field. One significant advantage includes higher lending amounts (up to 90% LVR) without mortgage insurance.

DPN liaises with accountants, solicitors and financial planners to ensure that asset accumulation is structured correctly for tax efficiency, asset protection and estate planning.

Qualifying Professionals: Doctor, Dentist, Physiotherapist, Pharmacist, Optometrist, Veterinarian and Chiropractor.

Dr. De Silva’s Story

Dr. Karl De Silva is an Orthodontist earning over $800,000 a year. Dr. De Silva’s practice consumed his time and he hadn’t developed a focused approach to building wealth. He had paid off his $3 million home, saved $500,000 in cash, put $350,000 in super and bought one investment apartment. He thought he was doing reasonably well, but he knew he could/should be doing a lot more. He had minimal tax deductions, paying over $300,000 a year in tax. Also, his assets were exposed in the instance of a malpractice action.

A professional colleague who had been with DPN for a number of years referred him to us.

dpn’s solution

After conducting a Property Accumulation Analysis and seeing that the retirement portfolio he wanted required $300,000 of income each year, Dr. De Silva realized he was desperately short. To achieve his goal, he needed a $12 million investment portfolio.

DPN worked with Dr. De Silva to establish a portfolio of eight handpicked investment properties over an 18-month period. This property portfolio valued at $3 million (similar to the value of his home) cost him less than his Mercedes car lease per month. Dr De Silva is also accumulating an additional two properties per year due to his strong income.

DPN worked with other specialists to establish financial structures including a trading trust and various asset-holding trusts to allow the distribution of income, legal minimization of tax and land taxes as well as providing asset protection. Working with a solicitor that specialized in Estate Planning, Dr. De Silva was able to establish an estate plan that allowed for a tax-efficient transition of his substantial wealth to his children.

DPN made the process as easy as possible, assigning dedicated staff to minimize the workload on Dr. De Silva during the entire process. Each year Dr. De Silva receives a health check on his property portfolio to assess progress, no different to his treatment of patients.

what dpn can do for you

If you are a medical professional and want to take advantage of DPN’s specialized medical service, please give us a call on 1300 713 318 or fill in the contact form below, for an obligation free consultation.