For Doctors, the start of a new financial year is more than just a fresh set of numbers. It’s the perfect time to reset your financial goals and refocus on your long-term aspirations.
Ask yourself – are you set up for a successful retirement? If the answer is no, now’s the time to start planning!
Why it pays to start early.
When it comes to retirement planning, time is your greatest asset. The earlier you start, the more you benefit from the power of compounding, a force that can significantly grow your super and investment portfolio over the years.
Even small tweaks now can have a meaningful impact down the track.
Super strategies to consider.
One of the smartest moves you can make early in the financial year is to review your superannuation contributions.
The concessional cap for FY26 remains at $30,000, and maximising this amount early allows those funds to work harder for longer.
If you’ve got unused concessional cap amounts from previous years and a total super balance below $500,000, you might also be eligible to make catch-up contributions. This is particularly powerful for doctors who’ve taken career breaks or had fluctuating income.
You can also look at non-concessional contributions which are capped at $120,000. Maximising these now can make a huge difference in the long run.
Is your investment strategy FY26-ready?
While superannuation is a cornerstone of retirement, it’s not the only piece of the puzzle. Reviewing your investment strategy is another important part of your FY26 planning.
Consider whether your current asset allocation still aligns with your goals, your risk tolerance, and the market opportunities emerging this year.
You might be considering additional property, investing via a trust, or building out your portfolio with more international shares.
Whatever the path, the goal is the same: growing wealth in a way that’s sustainable, tax-effective, and aligned with your timeline.
Your trusted advisor makes all the difference.
The reality is there’s no one-size-fits-all solution to retirement planning. That’s where a trusted advisor comes in. Not just to tick compliance boxes, but to guide you through the financial maze with clarity and confidence.
At Cutcher & Neale, we help doctors across all career stages develop clear, actionable roadmaps toward their ideal retirement. Speak with one of our trusted advisors today.
Wade is the head of the Investment Services division at Cutcher & Neale and has over 15 years of industry experience in accounting and investment advisory roles.
Wade guides his division on the belief that investment portfolios should be built on transparency and flexibility. His expertise focuses on direct portfolio exposure to both Australian and Global Investment markets.
