Following our recent federal budget overview, we wanted to provide a quick update on a development that's been generating plenty of discussion: the proposal to scrap borrowing within superannuation for residential property.

For doctors and medical professionals, many of whom juggle complex income structures across hospital work, private practice, and locum shifts, maximising your super contributions requires careful planning.

From 1 Jul 2026, personal tax gets a $1,000 no‑receipt work deduction, with a $250 annual offset kicking in from 2027–28; from 1 Jul 2027, capital gains rules tighten, farewell the 50% discount on new gains, hello indexation and a 30% minimum CGT; and for practices, the wins are practical with a permanent $20k instant asset write‑off, company loss carry‑back, and payday super starting 1 Jul 2026.