T: +61-7-3221 5677 - Enquiries: enquiries@walshs.com.au - Mortgage Broking: lending@walshs.com.au

Walshs

How to reduce $14,500 in tax payments

One of Queensland’s leading financial planning, accounting and lending firms for medical and private clients. Providing accounting, mortgage broking and strategic financial planning advice.

T: 61-7-3221 5677
Email: enquiries@walshs.com.au

Walshs
Level 24/10 Eagle Street, Brisbane QLD 4000

Open in Google Maps
  • Medical Clients
  • Private Clients
BOOK A MEETING

Walshs Insights

How to reduce $14,500 in tax payments
Friday, 03 October 2025 / Published in Articles, Business, Walshs Blog

How to reduce $14,500 in tax payments

How to reduce $14,500 in tax payments

As a registrar, you’re likely earning around $150,000 annually – a significant milestone in your career. But with that income comes a hefty tax bill. If you’re not proactive, you could be handing over more than $40,000 to the ATO each year.

This article explores how you can legally reduce your tax, increase your take-home pay, and build long-term wealth using investment property strategies that many professionals overlook.

The Tax Reality for Registrars

Let’s break it down:

  • Annual income: $150,000
  • Estimated tax: ~$40,500
  • Take-home pay: ~$109,500

That’s 30% of your income going straight to the government.

The Investment Property Strategy

Now imagine you own an investment property that costs you $40,000 per year (including interest, maintenance, depreciation, etc.). That expense can be used as a deduction against your income.

Here’s how it works:

Item Amount
Income $150,000
Property Expenses -$40,000
Taxable Income $110,000

 

By reducing your taxable income to $110,000, your tax drops to around $26,000 a saving of $14,500 annually.

Why This Works:

The Australian tax system allows you to deduct legitimate expenses from your income. Investment property expenses which can significantly reduce your taxable income.

This means:

  • You pay less tax.
  • You keep more of your income.
  • You build an asset that can grow in value.

Walshs Way:

  • Don’t just earn – invest. Use your income to build assets that work for you.
  •  Leverage tax laws. Understand deductions and capital gains discounts.
  •  Think long-term. Property can be a stepping stone to financial independence.
  •  Get advice. Speak to a financial adviser who understands medical professionals.

You’ve worked hard to reach your registrar years. Don’t let 30% of your income disappear without a plan. By using smart investment strategies, you can reduce your tax, increase your net income, and build wealth—all while staying compliant with the law. Speak to one of our financial planners today to discuss an investment property strategy.

  • Tweet
Tagged under: 5% deposit home loan, buying your first home, doctors home loans, first home buyer scheme, first home buyer support, first home guarantee, government home loan benefits, home loan approval, medical finance specialists, medical professional lending, medical professionals Queensland, mortgage broker Brisbane, no LMI loans, property finance for doctors, Walshs mortgage broking

What you can read next

How to reduce $14,500 in tax payments
Safeguarding patient data: Essential cyber security strategies for medical professionals
How to reduce $14,500 in tax payments
The First Home Buyer Guarantee Scheme – Doctors already qualify for new home loan benefits – with extras!
How to reduce $14,500 in tax payments
What the Federal Budget means for you

Recent Posts

  • Modern house with garden swimming pool and wooden deck

    What Medical Professionals Need to Know About the 5% Deposit Scheme Changes (effective 1 October 2025)

    From 1 October 2025, Australia’s First Home Gua...
  • First home buyer front door mat and feet of new owner couple

    The First Home Buyer Guarantee Scheme – Doctors already qualify for new home loan benefits – with extras!

    If you’ve been thinking about buying your first...
  • home loans for doctors

    Can you get a home loan for doctors without a 20% deposit?

    A home loan for doctors can look very different...
  • A family in grief huddle together in a beautiful green park.

    💔 Dealing with tax after losing a loved one: 10 steps to guide you

    Losing someone you care about is one of life’s ...
  • Winners of Walshs Medical Bursary, Hannah Rienks and Fiona Edwards and their prize amounts

    Meet our 2025 Walshs Medical Bursary winners – changing lives near and far!

    We’re absolutely thrilled to announce the winne...

Contact

  • PHONE: 61-7-3221 5677
  • FACSIMILE: 61-7-3221 5744
  • EMAIL: enquiries@walshs.com.au
  • MORTGAGE BROKING: lending@walshs.com.au

Location

  • OFFICE: Level 24/10 Eagle Street, Brisbane City, QLD 4000
  • POSTAL ADDRESS: GPO Box 12, Brisbane QLD 4001
How to reduce $14,500 in tax payments

Connect with us

MAKE AN ENQUIRY OR BOOK A MEETING HERE
How to reduce $14,500 in tax payments
How to reduce $14,500 in tax payments
How to reduce $14,500 in tax payments
How to reduce $14,500 in tax payments
How to reduce $14,500 in tax payments
How to reduce $14,500 in tax payments
How to reduce $14,500 in tax payments
All advice on this site is general in nature and does not take into account your personal circumstances. Please do not hesitate to contact one of our adviser accountants or financial planning advisers if you have a query that is specific to your circumstances.
ABN 11 248 978 295 Walshs Financial Planning Pty Ltd AFSL 432636 ABN 82 122 293 912 Corporate Authorised Representative No. 463774 of Walshs Finance Australian Credit Licence 459119

Liability limited by a scheme approved under Professional Standards Legislation.
  • Privacy Policy
  • Financial Services Guide
  • Credit Guide
  • Complaints Policy
TOP
lending-15-min-ph

If the time you would like is not available, please contact our office on 07 3221 5677.

Make a booking with Darole Evans

If the time you would like is not available, please contact our office on 07 3221 5677.

GET IN TOUCH

If you would like a Walshs adviser to contact you or to receive marketing material from Walshs and/or be advised of upcoming seminars and events please provide your contact details.
[contact-form-7 id=”18018″ title=”Contact form 1″]

Book 15 minute lending call

If the time you would like is not available, please contact our office on<br>07 3221 5677.