Financial advice built around the reality of specialist medicine.
Liberate more of your time, by partnering with Medcentric to manage your family's financial affairs efficiently.
If you are a specialist doctor in Australia, your financial situation is unlike almost anyone else's. You have spent years in training, you are earning at the top of the profession, and your income comes from multiple sources - private billing, hospital contracts, practice ownership, and specialist fees. Most financial advisors for doctors treat all of this like regular income. It is not, and the difference costs you thousands every year.
At Medcentric, we are specialist medical accountants and financial advisors who have worked exclusively with doctors for over 15 years. Financial planning for doctors is not a side service for us. It is everything we do.
High income. Complex structure. High stakes.
Complex income structures spanning private billing, hospital contracts, and practice distributions requiring specialist tax structuring
High earnings that attract significant tax without the right structure in place from the start
Long training periods mean wealth building starts later and needs to work harder
Multiple revenue streams that need to be structured and protected correctly
Coordinating between accountants, advisors, and lawyers who do not talk to each other
How Medcentric helps
As your dedicated financial advisor for doctors, Medcentric brings every aspect of your financial life under one roof. Our integrated team covers medical accounting, tax planning, financial strategy, wealth management for doctors, income protection insurance, legal and asset protection, and investment planning - all working together as one joined-up plan built around your career.
We are proactive, not reactive. One team who knows your full picture, driving everything forward. You focus on medicine. We handle the rest.
Specialist disciplines we work with
Cardiologists
Neurologists
Dermatologists
Oncologists
Psychiatrists
Obstetricians
Gynaecologists
Paediatricians
Urologists
Endocrinologists
Why our approach works
Our approach is built around the realities of medical careers, not broad financial assumptions.
Frequently Asked Questions
Everything you need to know about working with Medcentric, our services, and how we support doctors, specialists, and medical practice owners.
How should doctors manage income from salary, VMO work and private practice?
Doctors should first identify how each income stream is paid and what obligations come with it. Salaried income generally has tax withheld, while VMO, contractor and private-practice income may require the doctor to manage tax, superannuation, expenses and reporting. Dedicated business accounts, accurate records and proactive tax planning can make these obligations easier to manage. The appropriate structure depends on the contracts, income sources and applicable personal services income rules.
What should doctors do with surplus income once their home loan is fully offset?
Once a home loan is fully or almost fully offset, surplus income could be directed towards investments, superannuation, property, debt reduction or other long-term goals. The best option depends on the doctor’s time frame, risk tolerance, liquidity requirements and plans for the current home. Before withdrawing money from an offset account, it is important to consider how the decision could affect borrowing flexibility and the future tax treatment of the property.
Should a doctor renovate their current home, buy a new home or purchase an investment property?
The decision should begin with the family’s preferred lifestyle rather than tax outcomes alone. Each option should be compared using its complete financial cost, including renovation overruns, temporary accommodation, purchase costs, borrowing repayments and the risk of overcapitalising. Financial modelling can show how each option may affect cash flow and long-term wealth, but the final choice should also reflect where the family genuinely wants to live.
How does debt recycling work for doctors?
Debt recycling generally involves replacing non-deductible home debt with borrowing used for income-producing business or investments. Depending on how the business, loans and investments are structured, interest on the investment or business portion may be deductible. The strategy can support cashflow and long-term investment while managing debt, but it also introduces business, investment, borrowing and cash-flow risks. Separate loan splits, correct transaction handling and clear records are essential, so coordinated tax, lending and financial advice should be obtained before implementation.
What financial planning should doctors prioritise when their private income begins to grow?
Key priorities include forecasting tax, managing cash flow, reviewing income and business structures, maintaining an emergency reserve and defining clear investment goals. Doctors should also review debt, superannuation, insurance and estate planning as their income and responsibilities grow. Planning before the end of the financial year may provide more options than waiting until the tax return is prepared.
What insurance, superannuation and estate-planning arrangements should medical specialists review?
Medical specialists should periodically review income protection, life insurance, trauma and total and permanent disability cover to ensure it remains appropriate for their income, debts and family responsibilities. Superannuation arrangements, beneficiaries, wills, powers of attorney and other estate-planning documents should also be reviewed together. The review should consider occupation-specific risks, policy definitions and any insurance already held through superannuation.
Our services
Specialist financial and legal services designed exclusively for doctors and medical practices Australia-wide.
