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The Private Practice
Autumn 2013
Looking to upgrade your equipment?
Andre Karney provides some insight
into the finance options available to medical professionals.
FINANCE
The issuer of these products is Investec Bank (Australia) Limited ABN 55 071 292 594, Australian Credit Licence 234975 (Investec Bank).
All finance is subject to Investec's credit-assessment criteria. Terms and conditions, fees and charges may apply. Investec reserves the right
to cease offering these products at any time without notice. Investec Bank is not offering financial, tax or legal advice. You should obtain
independent financial, tax and legal advice as appropriate.
*Qantas Points are earned in accordance with the Investec-Qantas Rewards Program Terms and Conditions available at
www.investec.com.au/cards.Pointsareearnedoneligiblespendonly.YoumustbeamemberoftheQantasFrequentFlyerprogram
in order to earn and redeem points. Qantas Points and membership are subject to the Qantas Frequent Flyer program Terms and
Conditions.Fulldetailsareavailableatwww.qantas.com/terms.Investecrecommendsthatyouseekindependenttaxadviceinrespectof
the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from
participating in the Qantas Frequent Flyer program, or from using any of the rewards or other available program facilities. You earn 1 Qantas Point
for every $1 of eligible spend in Australia and 2 Qantas Points for every $1 of eligible international spend on the Investec Signature credit card.
To run a successful practice there are a
number of important considerations.
Aside from looking after your patients,
it's also important to have the right
equipment and facilities. Equipment
costs can vary dramatically depending
on your specialisation, however
equipment is an asset rather than a
liability as it gives you the ability to
improve the quality of treatment you
give to your patients. Understanding
there are options available for you
to fund this purchase is of the
utmost importance.
IT'S YOUR CHOICE
You can either buy your equipment
outright with cash, or you can save
your cash and gain commercial
benefits sooner by financing your
equipment purchases using one of a
few different finance options. While
financing arrangements are common,
they can be complex and, depending
on the commercial benefits of the
purchase and various tax structures,
it's important to get advice from
finance experts on the best solution
for you.
By choosing the appropriate
financing method to suit your
circumstances, you could realise the
following five advantages:
1. Keep your cash to invest in other
channels or purchase growth assets.
2. Maximise your financial return by
potentially claiming the interest
payments on the agreement or the
entire lease rental as a tax deduction.
3.Depreciatethevalueofthe
equipment for its lifetime.
4. Finance the equipment on an
Investec credit card and earn
Qantas Points on your
eligible purchase
*
.
5. Make monthly repayments for
select Investec finance and loan
contracts on the Investec card,
and earn Qantas Points on
the repayments.
There are a number of finance
options available to medical
professionals for practice equipment.
A financial specialist at Investec can
go through the options available,
which will help you to think about
all the possibilities and to assist you
in finding the right solution for your
particular needs.
The reason Investec can help you
make the right decision is because we
have over 20-odd years experience in
working with medical practitioners, so
we know this market in a deeper way
than anyone else.
To find out more about your
finance options and the benefits
of an Investec Visa credit card,
visit investec.com.au/cards or
call1300131141.