Finally you re about to make some money... so what now?

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1 THE BARTONS MEDICAL GRADUATE PACKAGE Finally you re about to make some money... so what now? There is a range of financial decisions you ll now need to make which you probably haven t even thought about before, and making the wrong call could cost you. Taking some smart financial advice is probably the best favour you can do yourself before you start the hectic life of an intern, and even better that it s a free service! The Bartons Medical Graduate Package With a wealth of experience helping Interns, RMOs and DITs over the years, Bartons brings its skills to interns at no charge. Our free services to graduates include: Salary sacrifice advice and package design, with significant tax savings Income tax return service (valued at $250) Unsecured personal loan offering (ideal for salary sacrifice) of up to $15,000 Credit card up to $6,000 Budgeting and related financial advice Further down the track, we can also help you make important decisions in areas such as superannuation, personal insurances, home loans and tax advice, but we generally find that interns aren t too focused on these items yet, important though they are. The team at Bartons have been great to work with. They are flexible, available and understand doctors. I have enjoyed being able to build relationships at Bartons which will mature with my career. Dr Sophie Plagakis General Surgery Registrar Flinders Medical Centre From the beginning of my internship, through to becoming a fully qualified GP, Bartons have been able to assist me every step of the way. Due to my heavy workload, the ability to have my tax affairs, financial planning and risk protection needs taken care of under the one roof makes my life easier, and provides me with certainty that I will be able to meet my long-term goals. Dr. Darren Ng General Practitioner Harbour Medical Services Adelaide 36ers Club Doctor

2 THE BARTONS MEDICAL GRADUATE PACKAGE Who is Bartons? Bartons is a firm of accountants and financial planners who specialise in looking after the financial needs of doctors and other health professionals. With nearly 50 years experience helping doctors, we ve got you covered. And as part of the Bongiorno National Network of specialist medical and dental accounting firms, we can refer you to a trusted expert if you relocate in the future. What s in it for us? There are no strings attached. As well as giving back to the youngest members of the medical profession, we figure if you like the way we do business, we hopefully can build a long term, mutually beneficial relationship. Some of our doctor clients have been with us for over 30 years. Where to from here? Call Steven Genoff today on or steveng@bartons.com.au to get the ball rolling, all part of our free Bartons Graduate Service package! t f e admin@bartons.com.au i 474a Anzac Highway, Camden Park SA 5038 PO Box 2062 Morphettville SA 5043 Bartons Financial Services Pty Ltd, Australian Credit Licence FINANCIAL SERVICES PTY LTD Corporate Authorised Representative and Corporate Credit Representative of Magnitude Group Pty Ltd ABN , AFSL & Australian Credit Licence Important Information: Any advice contained in this material is general only and does not take into account your personal circumstances. It should not be relied upon or substituted for receiving financial advice suitable to your circumstances.

3 THE BARTONS MEDICAL GRADUATE LOAN A special opportunity for recent medical and dentistry graduates Are you: A recent medical or dentistry graduate? In your first year of employment? Looking for some assistance with living expenses? Looking to reduce the amount of tax you will be paying? Well, stress less and live a little more! We have a solution designed specifically for you. Bartons can offer: An unsecured loan of up to $15,000 To be eligible, you must: Have graduated with a degree in medicine or dentistry Be employed in the medical field or have a letter of offer Be an Australian citizen or permanent resident A credit card up to $6,000 An extremely competitive interest rate Absolutely no fees or other charges No requirement for a current income or parental guarantee PLUS Get a $100 head start straight into your account by taking out the Loan and Credit Card together

4 THE BARTONS MEDICAL GRADUATE LOAN Who is Bartons? Bartons is a firm of accountants and financial planners who specialise in looking after the financial needs of doctors and other health professionals. With nearly 50 years experience helping doctors, we ve got you covered. And as part of the Bongiorno National Network of specialist medical and dental accounting firms, we can refer you to a trusted expert if you relocate in the future. Free Graduate Services: Graduate loans Salary packaging advice Accounting and tax Tax returns Insurance Finance Where to from here? Call Matthew Stouppos today on or matthews@bartons.com.au to get the ball rolling on your free Bartons Graduate Loan! Investments t f e admin@bartons.com.au i 474a Anzac Highway, Camden Park SA 5038 PO Box 2062 Morphettville SA 5043 Bartons Financial Services Pty Ltd, Australian Credit Licence FINANCIAL SERVICES PTY LTD Corporate Authorised Representative and Corporate Credit Representative of Magnitude Group Pty Ltd ABN , AFSL & Australian Credit Licence Important Information: Any advice contained in this material is general only and does not take into account your personal circumstances. It should not be relied upon or substituted for receiving financial advice suitable to your circumstances.

5 SALARY SACRIFICE FOR MEDICAL GRADUATES IN SOUTH AUSTRALIA Current at December 2013 What is Salary Sacrifice? Salary sacrifice is another term for salary packaging, which means making choices about how you wish to take your remuneration from your employer, from the suite of options they make available to you. In South Australia, the SA Health Commission has contracted with a private organization called Maxxia, to be the sole provider of salary packaging options for its employees. Maxxia recommends all employees contemplating salary packaging obtain independent financial advice, which is where Bartons comes in. Who is Bartons? Bartons is a firm of accountants and financial planners who specialise in looking after the financial needs of doctors and other health professionals. With nearly 50 years experience helping doctors, we ve got you covered. And as part of the Bongiorno National Network of specialist medical and dental accounting firms, we can refer you to a trusted expert if you relocate in the future. What are the benefits of Salary Sacrifice? Australian taxation law is complex. There is a tax on employers called Fringe Benefits Tax (FBT) for benefits made available to employees on which they haven t paid income tax. When FBT was introduced, the Government acknowledged that some sectors, such as health, may have been disadvantaged by this tax, and some concessions were allowed for in the law. Government health employees can take up to $9,095 in benefits, upon which they don t pay income tax, and the employer doesn t pay FBT. How does it work? It s simple. Your Bartons contact can advise you on the benefits best suited to you, and assist lodging your salary sacrifice application with Maxxia. Instead of paying you all your income directly, the hospital pays the nominated amount before tax to Maxxia, who administer those funds on your behalf, according to the instructions on your application. What can I package? Items that can be packaged popularly include: Rent Mortgage Payments Personal loan payments (1) HELP debt payments Maxxia debit card (2) Car loans and leases (1) Often used when there are no other benefits you can use your entitlements up with. No personal loan? No problem with Bartons Graduate Personal loan of up to $16,000 at great rates. Simply borrow the funds for any personal purpose (or savings!) and repay the loan through salary sacrifice. (2) Used to pay groceries, clothing, utilities or other personal expenses. Check out the example over the page. Where to from here? Call Steven Genoff today on or steveng@bartons.com.au to get the ball rolling, all part of our free Bartons Graduate Service package! Why pay more tax than you have to? Less tax = more money in your pocket!

6 SALARY SACRIFICE FOR MEDICAL GRADUATES IN SOUTH AUSTRALIA Current at December 2013 Example Medical Graduate Salary Sacrifice Michael is commencing his internship at the Royal Adelaide Hospital in January With overtime, he s expecting a salary of $65,000 for the year to December Michael is still living at home. He doesn t have any loans, and is fortunate to have had his HELP debt paid by his grandparents. He has $15,000 in savings at present, and would like to buy a home in Michael consults Bartons about his salary sacrifice options, which are as follows: Pay structure WITHOUT packaging Pay structure WITH packaging ç ç ç ç Michael s salary...$65,000 Michael s salary... $65,000 Tax...($13,647) Purchase benefit item...($9,095) Purchase benefit item...($9,095) ç ç ç ç Tax...($10,555) Michael s take home pay...$42,258 Michael s take home pay... $45,350* Total tax savings = $3,092 *Calculation based on 2013/2014 tax rates Bartons arranges for Michael to take out a personal loan for $9,000 which he draws down when he starts work, and puts on bank deposit. Using salary sacrifice, he pays this loan off over the 3 months to 31 March 2014, which is the end of the salary sacrifice year. He then takes out a further personal loan of $15,000 which he starts repaying with salary sacrifice in April. At the end of the year, Michael has paid off $16,000 plus interest on the personal loans. He still has the $24,000 plus interest from the loans, (although he still owes $8,000 on the second loan at December 2014). Michael now has on deposit $55,000 comprising: Savings at the start of the year $15,000 Proceeds from the personal loans $24,000 Savings from his wages this year $16,000 Total $55,000 With a saving of $55,000, Bartons shows Michael how he can buy a new home and access the most competitive loan in the market for his circumstances. Michael plans to pay off the remaining personal loan by salary sacrifice in t f e admin@bartons.com.au i 474a Anzac Highway, Camden Park SA 5038 PO Box 2062 Morphettville SA 5043 Bartons Financial Services Pty Ltd, Australian Credit Licence FINANCIAL SERVICES PTY LTD Corporate Authorised Representative and Corporate Credit Representative of Magnitude Group Pty Ltd ABN , AFSL & Australian Credit Licence Important Information: Any advice contained in this material is general only and does not take into account your personal circumstances. It should not be relied upon or substituted for receiving financial advice suitable to your circumstances.