Episode Details

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In Part 2, Roger Wheelahan, principal at IFD Financial Planning, our in-house financial planning team, moves from trusts and capital gains tax to the structures doctors are asking about next. We recorded this in late September, so treat it as where things stand now.

We start with self-managed super funds. Roger explains what the end of limited recourse borrowing arrangements for residential property means, why you can still buy a residential property outright with cash in your SMSF, and why borrowing to buy commercial premises, including the rooms or medical centre a doctor works from, is untouched. He also clears up the $3 million threshold: it applies per member, a fund can have up to six members, and they don't have to be family.

Then we get into insurance bonds, which Roger calls his second favourite structure after super. He covers how a tax-paid bond works, what happens at the 10-year mark and if you die before it, and how one 80-year-old client used a bond after selling her farm. He also shares how you can take some capital out without breaking the 10-year rule.

If you've maxed out your super caps, or you're weighing up an SMSF and wondering what still works, start here.

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TIME STAMPS:

00:00 Intro/Hook

01:35 Roger and IFD Financial Planning, one year in

02:05 What's changed since the May 2026 budget

02:41 SMSFs and the end of residential borrowing (LRBAs)

04:01 Why commercial LRBAs still work, including doctors buying their rooms

06:49 The $3 million super threshold and the extra 15%

07:52 Up to six members, $3 million each

10:25 Super is a structure, not an investment

11:29 Why you still can't beat super

12:04 What an insurance bond actually is

13:12 The 10-year rule and how the tax works

16:01 Why insurance bonds sit under the Insurance Act

17:43 From old retirement savings policies to today's bonds

19:29 Insurance bonds vs indexation

20:43 Case study: the 80-year-old client who sold her farm

22:20 Accessing capital without breaking the 10-year rule

23:26 Don't panic: why the changes got through

25:24 Minimising tax legally

27:49 Why advice stays human in the age of AI

28:32 Working with the IFD Financial Planning team

30:26 Conclusion/Outro

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SHOW NOTES LINKS

https://ifdgroup.com.au/

https://doctorbi.com.au/

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/

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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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