Shows
Medics Money podcastEp 247: Festive quiz - test your festive financial knowledgeMedicsMoney Christmas Quiz 2024: Festive Fun and Finance
Join the MedicsMoney team as they celebrate Christmas 2024 with a special festive quiz! Test your knowledge on financial topics covered throughout the year and see if you can beat the team in this fun and entertaining episode. From stock market investments to NHS pensions and even festive trivia, there's something for everyone. The video also features a guest appearance by Cyra's dog, Nemi. Happy Christmas to all our viewers!
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2024-12-2446 minMedics Money podcastEp 244: Improve your finances FASThttps://www.medicsmoney.co.uk/fwb
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In this episode, the speakers discuss their previous live financial teaching sessions and announce two upcoming events where attendees can learn to fix their finances fast. They then replay the Q&A section from a recent session, addressing various questions about salary sacrifice and its impact on NHS pensions, annual allowance tax charges, student loan repayments versus investments, and more. The experts share insights on investment strategies, including the pros and cons of using ISAs and robo-advisors...2024-12-0325 minMedics Money podcastEp 236: Is your NHS payslip correct? NHS Pension Tax relief? Investing for your kids? - Q&A Episode!Tommy and Ed dive into a Q&A session featuring queries from doctors at the recent Royal College of Obstetrics and Gynaecology National Trainees Conference. Topics covered include investing in children's Junior ISAs, the impact of pay errors on NHS pensions, the global diversification of the S&P 500, and the complexities of National Insurance for multi-employer doctors.
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Want to improve your...2024-10-1545 minMedics Money podcastEp 235: Surviving a Crisis in GP Dr. Rebecca Keogh on GP Partnerships & Practice ManagementOvercoming Challenges as a GP Partner ft. Dr. Rebecca Keogh
Join Dr. Tommy Perkins, Dr. Ed Cantelo, and Dr. Rebecca Keogh on the Medics' Money Podcast as they delve into the realities and challenges of being a GP partner running a practice. Dr. Keogh shares her journey through a challenging situation when her practice manager unexpectedly left, and how she navigated the crisis with the aid of the MedicsMoney GP partnership course. She discusses the importance of community support and professional help in handling the administrative and financial aspects of running a practice. Learn from her experience...2024-10-0828 minMedics Money podcastEp 234: 2024 Budget Predictions - Which taxes will rise? CGT, Pensions tax, IHT and more
Predicting the 2024 Budget: Insights for Medics and Professionals
In this episode of the MedicsMoney podcast, Dr. Tommy Perkins and Dr. Ed Cantelo discuss the potential changes in the upcoming budget by Labour Chancellor Rachel Reeves. They delve into the implications of a £22 billion black hole on the economy, explore possible tax adjustments, and debate the future of capital gains tax, pension tax relief, and inheritance tax. The episode also includes insights into effective financial planning for doctors, emphasizing the importance of early action on ISAs and private pensions. This podcast is aimed at helping medical professionals navigate potential financial changes a...2024-10-0143 minMedics Money podcastEp 229: How AI is now writing Doctors' notes - Tortus CEO Dr Don PimentaGet paid for your Opinion here!
AI Solutions for Doctors with Dr. Don Pimenta. Join Tommy on the MedicsMoney podcast as they welcome back Dr. Don Pimenta from Tortus AI. They discuss the transformative potential of AI in the medical field. Dr. Pimenta demonstrates how Tortus AI technology can streamline administrative tasks for doctors, particularly noting its impact on documentation and workflow efficiency. They also delve into the complexities of implementing AI solutions within the NHS, ensuring data security, and the future of AI in medicine.
Want the latest financial tips for doctors and exclusive in...2024-09-1038 minMedics Money podcastEp 220: How to run a happy, profitable, successful GP PartnershipSign up for our upcoming GP Partnership Course here: http://www.medicsmoney.co.uk/gpcourse
Join us in this insightful episode where we chat with Dr. Hannah Robbins, a GP partner who shares how she revolutionized her practice by utilizing effective systems and processes. She discusses reducing her daily administrative workload, claiming £18,000 in extra income without additional work, and applying the Team Sky marginal gains approach to improve practice operations. Learn about her journey from anesthetist to GP partner, leveraging her side hustles, and the significance of networking, finance management, and embracing change for career growth.
2024-07-0920 minMedics Money podcastTRIAGE: Cornerstones of Financial Wellbeing You Might Have MissedMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://medicsmoney.podbean.com/e/ep-163-look-after-your-own-financial-wellbeing/
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Let's Talk Surgery: The RCSEd PodcastFinancial Wellbeing in collaboration with MedicsMoneySome much needed financial tips brought to you in partnership with MedicsMoney. Dr Ed Cantello talks through some pertinent issues to be aware of – from tax codes to pensions and everything in between. A must not miss! Enjoyed this episode of Let’s Talk Surgery from The Royal College of Surgeons of Edinburgh? Explore more content and upcoming episodes: rcsed.ac.uk/podcast Feedback or topic suggestions? Email us at: LTS@rcsed.ac.uk Interested in RCSEd courses, exams, or training opportunities? Visit: rcsed.ac.uk Listen & subscribe: Apple Podcasts | Spoti...2024-05-0124 minMedics Money podcastEp 193: Why Female doctors are financially disadvantagedDr Cyra Mackintosh joins Tommy to explore the persistent gender pay gap in modern medicine.
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https://twitter.com/med...2024-01-0933 minMedics Money podcastEp 192: 16 resolutions to make you wealthy in 2024Find your Financial Early Warning Score: https://www.medicsmoney.co.uk/
In this episode, Tommy and Ed unveil a new financial score tool that helps you assess your financial health and set New Year's resolutions. The episode covers various topics, including the importance of saving and controlling spending, paying down bad debts, protecting finances, investing for wealth accumulation, maximizing tax efficiency, and organizing finances. We emphasize the need to take action and overcome financial worries to achieve financial goals. In this conversation, Tommy and Ed discusse the importance of organizing financial records and setting new year's resolutions. He s...2024-01-0247 minMedics Money podcastEp 191: 3 Turtle Doves, and 6 Rates of Income TaxA short episode from Ed all about the changes to income tax in Scotland in 2024.
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https://twitter.com/me...2023-12-2607 minMedics Money podcastEp 189: Protecting the most valuable asset in the world.Tommy and Mike Harms are here today to discuss everything you might have missed on protecting yourself, your income, and your family's future.
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Income Protection for Doctors: https://www.medicsmoney.co.uk/income-protection-for-doctors/
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Join 40,000 doctors receiving free financial CPD via email by downloading our free...2023-12-1240 minMedics Money podcastTRIAGE: Taking a career break and living your best life.This week's Triage episode originally aired on our brand new podcast: What Medical School Doesn't Teach Us, and has Cyra and Kai talking about his travels with his wife and dog, Kevin.
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Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
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https://www.youtube.com/@MedicsMoney...2023-12-0130 minMedics Money podcastEp 186: Autumn Statement Lowdown for DoctorsEd and Andy take you through everything you need to know for the Autumn Statement that Jeremy Hunt unveiled yesterday.
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https://www.medicsmoney.co.uk/ebook/...2023-11-2321 min
Career ConversationsFinances for Doctors with Medics Money (22 Nov 2023)In this episode Dr Hannah Preston interviews Dr Tommy Perkins and Dr Ed Cantelo, the founders of Medics' Money.
The Medics' Money team discuss many topics, such as tax claims, savings, investments, pensions, life insurance and income protection. The team also offer some top tips on what to look out for on your payslips, checking you are on the right tax code and when to seek financial advice.
Disclaimer: The information in this episode does not constitute financial advice. The Royal College of Physicians of Edinburgh (RCPE) and Medics’ Money will not be held liable for any financial decisions listeners ma...2023-11-2239 minCareer ConversationsFinances for Doctors with Medics Money (22 Nov 2023)In this episode Dr Hannah Preston interviews Dr Tommy Perkins and Dr Ed Cantelo, the founders of Medics' Money.
The Medics' Money team discuss many topics, such as tax claims, savings, investments, pensions, life insurance and income protection. The team also offer some top tips on what to look out for on your payslips, checking you are on the right tax code and when to seek financial advice.
Disclaimer: The information in this episode does not constitute financial advice. The Royal College of Physicians of Edinburgh (RCPE) and Medics’ Money will not be held liable for any financial decisions listeners ma...2023-11-2239 minMedics Money podcastTRIAGE: South India to UK - IMGsMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-179-financial-tips-for-img-doctors-salary-payslip-tax-nhs-pension-and-visas/
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...2023-11-1611 minMedics Money podcastEp 183: Creating a plan to grow your wealth (active vs passive investing & more)In this episode of the Medic Money Podcast, Tommy is joined by special guest Dennis Hall from Yellow Tail Financial Planning. They delve into the world of investing, exploring the distinctions between active and passive investment strategies and why healthcare professionals may lean towards one approach over the other. The discussion also shines a light on the essentials of financial planning, unraveling the financial planning process, and the vital role played by financial advisors. Tune in to gain insights and clarity on financial advice and its significance in your financial journey.
Want to stay up to date...2023-11-0723 minMedics Money podcastEp 182: Tax returns made easy for DoctorsThis episode is a conversation between Tommy, Anna Marie Burke, and Morag Miller from Armstrong Watson Specialist Medical Accountants. They discuss the topic of tax returns for doctors and introduce a new software called Tax for Doctors that helps doctors easily fill in and submit their tax returns. They also provide information on who needs to submit a tax return, allowable expenses for doctors, and the benefits of submitting the tax return early.
Tax For Doctors: https://www.armstrongwatson.co.uk/sec...
Want to stay up to date with the latest financial information for doctors...2023-10-3126 minMedics Money podcastEp 181: Capital gains tax loopholes - fast cars, watches, houses and wasting chattelsIn this week's episode, Ed and Tommy go through everything you need to know about Capital Gains Tax and the intriguing world of tax loopholes. Join us as we delve into the realm of fast cars, luxury watches, houses, and the art of wasting chattels to uncover the secrets and strategies of savvy investors.
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Subscribe on YouTube to never miss a...2023-10-2434 minMedics Money podcastEp 180: Common NHS Pension Mistakes - Expert explainsThe complexity of the NHS pension system often results in errors, which can have significant consequences. In today's episode, Tommy is joined by Graham Crossley from MediFinTech as they highlight the most frequent types of errors, teach you how to identify them, and emphasize the importance of seeking expert assistance.
Free pensions guide: https://www.medicsmoney.co.uk/nhs-pen...
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Want to stay up to date with the latest financial information for doctors? Join 40,000 doctors receiving free financial CPD via email b...2023-10-1730 minMedics Money podcastEp 179: Financial tips for IMG doctors - salary, payslip, tax, NHS pension and visasThis week Tommy is joined by Naveen. In this episode, we've got valuable insights for international medical graduates looking to thrive in the UK. Join us as we discuss visas, job opportunities, housing, earnings, and how they compare to other countries like India. Plus, we simplify the UK's tax system and offer free tax-saving tips on our website.
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Join 40,000 doctors receiving...2023-10-1048 minMedics Money podcastEp 178: NHS Pension McCloud remedy compensation, refunds and tips.This week Tommy is joined by Laura Bowler and Andy Pow to discuss the NHS Pension McCloud remedy compensation, refunds and tips.
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htt...2023-10-0340 minMedics Money podcastTRIAGE: Stamp Duty, Teslas, Basis Period ReformMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-166-additional-pension-contributions-and-tax-y-teslas-qa-1-2/
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2023-08-3109 minMedics Money podcastEp 172: Financial Tips for New Doctors 2023Our annual tradition continues with Tommy, Ed, and Dr Cyra Asher dispensing tried and true wisdom for new doctors.
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Like u...2023-08-221h 01Medics Money podcastEp 171: Who looks after Healthcare Professionals?Join Tommy and Joe Meredith from the Royal Medical Benevolent Fund today.
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2023-08-1515 minMedics Money podcastEp 169: Do doctors really need a specialist medical accountant?Want to stay up to date with the latest financial information for doctors?
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2023-08-0120 minMedics Money podcastTRIAGE: Mortgage OmnibusMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-165-listen-up-if-you-have-a-mortgage/#:~:text=Tommy%20is%20once%20again%20joined,latest%20financial%20information%20for%20doctors%3F
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...2023-07-2721 minMedics Money podcastEp 168: NHS Pay Rises = Inflation??This week Tommy is joined by Matthew, producer and manager at Medics' Money, to examine the government's recent claim that giving public sector workers a pay rise would exacerbate the current inflation problem in the UK. Spoiler alert: they're wrong.
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Follow us...2023-07-2519 minMedics Money podcastEp 167: Buy-to-Lets and your GP questions answered (Q&A 2/2)Tommy is joined by Steve from Nichols Chartered Accountants for a whopping two-part episode all based on YOUR questions.
Contact Steve here https://nicholsmedical.co.uk/
If you'd like your questions answered, get in touch at team@medicsmoney.co.uk.
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https://www.medicsmoney.co.u...2023-07-1822 minMedics Money podcastEp 166: Additional pension contributions and Tax-y Teslas (Q&A 1/2)Tommy is joined by Steve from Nichols Chartered Accountants for a whopping two-part episode all based on YOUR questions.
Contact Steve here https://nicholsmedical.co.uk/
If you'd like your questions answered, get in touch at team@medicsmoney.co.uk.
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https://www.medicsmoney.co.u...2023-07-1138 minMedics Money podcastTRIAGE: Time, priorities, money - pick 2Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.audible.co.uk/pd/Ep-145-Taking-back-control-for-a-happier-life-Podcast/B0BWDJQHWS
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Like us...2023-07-0613 minMedics Money podcastEp 165: Listen up if you have a mortgageTommy is once again joined by Medical and General's Mike Harms to talk all about what's going on in the mortgage markets.
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https://www.fa...2023-07-0425 minMedics Money podcastEp 164: The easiest way to make a willTommy is joined by Richard Stone of Talbots Law today - they've teamed up to offer a discount when you get a will with LPA done - click here to find out more.
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Fol...2023-06-2730 minMedics Money podcastTRIAGE: Pay less tax by claiming your tax rebates today!Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-85-pay-less-tax-by-claiming-a-doctors-tax-rebate-today/
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...2023-06-2215 minMedics Money podcastEp 163: Look after your own financial wellbeingThis week Tommy and Ed are interviewed by Dr Allan Xu from the Association of Anaesthetists! They talk all about financial wellbeing and answer some of your questions.
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Like us o...2023-06-2038 minMedics Money podcastTRIAGE: Pension Exodus and Student LoansMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-157-over-150000-opt-out-of-the-nhs-pension/
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NURSES MONEY! https://www.medicsmoney.co.uk/nurses/
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h...2023-06-1514 minMedics Money podcastEp 162: Ultimate guide to improving your finances 2/2Ultimate guide part 2 - Links
Episode 16 - Earn while you sleep? Investing for doctors https://www.medicsmoney.co.uk/ep-16-earn-while-you-sleep-investing-for-doctors/
Three books that transformed Tommy’s finances - https://www.youtube.com/watch?v=JEbfir9esTw&t=70s
Episode 155 - tax planning for doctors 2/2 https://www.medicsmoney.co.uk/ep-155-tax-planning-for-doctors-in-2023-pt2/
NHS Pension Guide (free download) https://www.medicsmoney.co.uk/nhs-pensions-guide-for-nhs-workers/
NHS Pension explained - 2023 update https://www.youtube.com/watch?v=eZ92vSAUnMU&t=12s
Episode 112 - Don’t get stung by the marg...2023-06-1331 minMedics Money podcastEp 161: Ultimate guide to improving your finances 1/2Tommy and Ed take you through the biggest list of useful resources, perhaps ever...
Ultimate Guide Links!
Debt to Income Ratio - https://www.youtube.com/watch?v=vkZUqFjgVFA&ab_channel=MedicsMoney
Ebook - https://www.medicsmoney.co.uk/ebook/
What can doctors claim tax back on? https://www.medicsmoney.co.uk/what-can-doctors-claim-tax-back-on/
Is your tax code correct? https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/
Tax planning for doctors podcast Part 1 - https://www.medicsmoney.co.uk/ep-154-tax-planning-for-doctors-in-2023-pt-1/
Tax planning for doctors podcast Part 2...2023-06-0630 minMedics Money podcastTRIAGE: Financial tips for new doctorsMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-5-10-financial-tips-for-junior-doctors/
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Like us on Fac...2023-06-0114 minMedics Money podcastEp 160: The future of Medics’ MoneyWant to stay up to date with the latest financial information for doctors?
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Music credit: MetzMusic on YouTube.
2023-05-3023 minMedics Money podcastTRIAGE: Payment on Account - when do you need to pay?Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-148-is-gold-an-investment-avoiding-classic-tax-mistakes-and-the-truth-about-corporation-tax-rises/
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...2023-05-2517 minMedics Money podcastEp 159: What’s the deal with Lifetime ISAs?Tommy is joined by Harry Pym from Legal and Medical this week to cover Lifetime ISAs and why you really need to set one up if you're under 40!
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...2023-05-2320 minMedics Money podcastTRIAGE: Dispensing GP -- Goldmine??Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-114-dispensing-gp-goldmine/?utm_source=rss&utm_medium=rss&utm_campaign=ep-114-dispensing-gp-goldmine
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https://www.medicsmoney.co.uk/ebook/...2023-05-1813 minMedics Money podcastEp 158: Top three finance books to read!Taken from our YouTube channel, Tommy takes us through his top three finance books this week.
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...2023-05-1612 minMedics Money podcastTRIAGE: Starting a side hustle with unfair advantagesMedics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.medicsmoney.co.uk/ep-134-start-a-side-hustle-using-your-unfair-advantage/
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https://twitter.com...2023-05-1113 minMedics Money podcastEp 157: Over 150,000 opt out of the NHS Pension...Tommy and Ed tackle big headlines such as '150,000 healthcare professionals leave the NHS Pension scheme' and a proposal to re-balance the pension in favour of higher pay in this episode.
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ht...2023-05-0928 minMedics Money podcastEp 156: Is now the right time to buy a house?!Tommy is joined by Andrew Brown and Mike Bennison in this week's podcast for a mortgage bonanza!
Want to stay up to date with the latest financial information for doctors?
Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney
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Mu...2023-05-0236 minMedics Money podcastTRIAGE: What you need to know about investing in 2023Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.youtube.com/watch?v=csuusVAP09w
Subscribe to our YouTube:
https://www.youtube.com/@MedicsMoney
Sign up to Doctors.net here!
Want to stay up to date with the latest financial information for doctors?
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
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Follow us on Twitter
https://twi...2023-04-2713 minMedics Money podcastEp 155: Tax planning for doctors in 2023 (pt2)Tune in to find out if Tommy's coffee machine survived or not... And also more tax planning opportunities in 2023.
Read all about it: https://www.medicsmoney.co.uk/tax-planning-for-doctors-in-2023/
Want to stay up to date with the latest financial information for doctors?
Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
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Follow us on Twitter
https://twitter.com/med...2023-04-2522 minMedics Money podcastTRIAGE: The NHS Pension and Early Retirement?Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!
Original Episode: https://www.podbean.com/ew/pb-9kw9g-10699c7
Subscribe to our YouTube:
https://www.youtube.com/@MedicsMoney
Want to stay up to date with the latest financial information for doctors?
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on...2023-04-2023 minMedics Money podcastEp 154: Tax planning for doctors in 2023 (pt 1)Ed takes the helm in this episode of the Medics' Money podcast, where they take you through everything that's changed since 6 April 2023.
Read all about it: https://www.medicsmoney.co.uk/tax-planning-for-doctors-in-2023/
Want to stay up to date with the latest financial information for doctors?
Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.c...2023-04-1819 minMedics Money podcastEp 153: What’s going on with Investments & Fixed vs Tracker MortgagesTommy is joined by Mike Harms of Medical and General this week for an overview of the economy, investing, and mortgages.
Want to stay up to date with the latest financial information for doctors?
Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like...2023-04-1133 minMedics Money podcastEp 152: EVERYTHING’S CHANGED - NHS Pension updateTommy is joined this week by Graham Crosley to talk about everything that's changed with the NHS Pension, and how it might affect you!
Want to stay up to date with the latest financial information for doctors?
Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
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Follow us on Twitter
https://twitter.com/me...2023-04-0435 minMedics Money podcastEp 145: Taking back control for a happier lifeThis week Tommy is joined by special guest Rachel Morris, who hosts the You Are Not A Frog podcast to talk all about taking control, beating stress, and thriving.
Download our FREE Thrive Week Planner tool https://www.shapestoolkit.com/thrive-week-planner
All of Dr Morris' links can be found at the website here: https://www.medicsmoney.co.uk/ep-145-taking-back-control-for-a-happier-life/
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Want to stay up to date with the latest financial information for doctors?
Join 38,000 doctors receiving free financial CPD via email by downloading our fr...2023-02-2136 minMedics Money podcastEp 137 - Four Financial New Years’ Resolutions!Join Tommy and Ed for a New Years' special... only 17 days late!
Links from today's episode:
https://www.medicsmoney.co.uk/ep-137-four-financial-new-years-resolutions/
---------------------------
Want to stay up to date with the latest financial information for doctors?
Join 38,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
The next cohort of our flagship GP Partnership course is due to start on February 28 2023. Apply here now!
Follow us on...2023-01-1737 minMedics Money podcastEp 132: Can AI replace doctors and accountants...??In this monster episode of the Medics' Money podcast, Tommy and Ed play around with ChatGPT and try to answer the question of whether AI will ever replace doctors and accountants...
If you want to try it, you can do so here: https://chat.openai.com/chat
Want to stay up to date with the latest financial information for doctors? Join 38,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/
The next cohort of our flagship GP Part...2022-12-2346 minMedics Money podcastEp 128 - Should doctors strike? With BMA JDC Dr Vivek Trivedi and Dr Robert LaurensonBMA Pay campaign
https://www.bma.org.uk/pay-and-contracts/pay/junior-doctors-pay-scales/fair-pay-for-junior-doctors-in-england
BMA IMG Webinar 7th December
https://www.bma.org.uk/events/bma-webinar-on-visas-and-industrial-action-for-international-doctors
Want to stay up to date with the latest financial information for doctors?
Join 38,000 doctors receiving free financial CPD via email by downloading our free ebook here
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Like us on F...2022-12-0621 minMedics Money podcastEp 121: What can you do about annual allowance charges? THE brown envelope!This week Tommy and special guest Graham Crossley discuss what you can do if you receive (or didn't receive) the brown envelope from NHS Pensions.
This podcast is available in video format at https://www.youtube.com/c/MedicsMoney/featured.
Want top stay up to date with the latest financial information for doctors?
Join 34,000 doctors receiving free financial CPD via email by downloading our free ebook here
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Follow us on Twitter
https://twitter.com/med...2022-11-0844 min
BMJ talk medicineUnderstanding your payslip (special segment)This is a special segment from the Sharp Scratch episode - what med school didn’t teach you about money.
Have you received your first payslip and not sure whether you have been paid correctly? Listen to this short clip where the doctors behind Medics Money will guide you through the key things to check on your payslip and decipher tax codes in under 10 minutes.
If you would like to hear more about how to claim tax rebate, information about income protection and relocation costs, head over to episode 78, titled 'what med school didn’t teach you about money' to find...2022-07-0808 minSharp ScratchUnderstanding your payslip (special segment)This is a special segment from the Sharp Scratch episode - what med school didn’t teach you about money.
Have you received your first payslip and not sure whether you have been paid correctly? Listen to this short clip where the doctors behind Medics Money will guide you through the key things to check on your payslip and decipher tax codes in under 10 minutes.
If you would like to hear more about how to claim tax rebate, information about income protection and relocation costs, head over to episode 78, titled 'what med school didn’t teach you about money' to find...2022-07-0808 minSharp ScratchWhat med school didn't teach you about money w/ Medics MoneyAt med school, we are trained to interpret blood tests but not much (if at all) on how to interpret your payslip.
Financial literacy doesn’t feature much in our medical curriculum but it’s an important life skill to have: from interpreting your payslip to claiming tax rebate on your postgrad exams fees.
In this episode, the doctors behind Medics Money share their experiences regarding costs that newly qualified doctors will have to consider after med school, some money saving tips for junior docs and things to look out for when you’re interpreting a payslip.
Topics covered:
•Things to look...2022-07-0847 minBMJ talk medicineWhat med school didn't teach you about money w/ Medics MoneyAt med school, we are trained to interpret blood tests but not much (if at all) on how to interpret your payslip.
Financial literacy doesn’t feature much in our medical curriculum but it’s an important life skill to have: from interpreting your payslip to claiming tax rebate on your postgrad exams fees.
In this episode, the doctors behind Medics Money share their experiences regarding costs that newly qualified doctors will have to consider after med school, some money saving tips for junior docs and things to look out for when you’re interpreting a payslip.
Topics covered:
•Things to look...2022-07-0847 minMedics Money podcastEp 52 Did you get valid consent for your personal finances?Medics Money approved
https://www.medicsmoney.co.uk/medics-money-approved/
What does a good financial adviser look like?
https://www.medicsmoney.co.uk/independant-financial-advisers-ifa-for-doctors/
Contact Guy here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Want to stay up to date with the latest financial information for doctors?
Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medic...2021-07-2052 minMedics Money podcastEp 51 - Why getting a mortgage from your bank may be a bad idea.Mortgages for doctors - we tell you how to get the best deal.
How much can you borrow?
Why your bank many not be the best place to get a mortgage
Why you should clean up your outgoings before applying for a mortgage.
With medics specifically, how do lenders treat additional (non-basic) pay?
What deductions are taken into account by lenders? And how does this affect the agreed lending?
With medics, how are lenders dealing with employed and self employed locums?
What about newly self e...2021-07-1335 minMedics Money podcastEp 48 - 30% paycut for doctors - what can we do?Resources in todays episode
https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/
https://www.medicsmoney.co.uk/ebook/
Want to stay up to date with the latest financial information for doctors?
Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
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Like us on Facebook
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2021-06-2221 minMedics Money podcastEp 47 Even doctors need a willTodays episode we talk about Wills.
We find out how Tommy finally got around to arranging his will.
Talbots Law are Medics' Money approved solicitors and Medics' Money podcast listeners can book a free consultation with them here
https://www.medicsmoney.co.uk/will-writing-service-for-medical-professionals/
Why make a will?
Why use a Solicitor (rather than a Will Writer or even a WHSmith template\home will)?
What are the key things to consider when making your will?
How do different personal circumstances change the requirements of a...2021-06-1525 minMedics Money podcastEp 45 GP Partners premises loans - how to get the best deal.How can GP Partners get the best deal on a premises loan?
By listening to this podcast and reading this article.
https://www.medicsmoney.co.uk/premises-loan-finance-ten-things-to-consider/
We talk about the importance of using Independent whole of market brokers.
Ian tells us why your own bank may not be the best place to get a good deal.
This is a sponsored episode. Transparency is important to us. Ian Crompton and Primary Care Finance support the free information Medics’ Money provides, such as our podcast, blog and guides, by paying us a...2021-06-0141 minMedics Money podcastEp 44 The NHS pensions tax trap with salary sacrifice Part 2/2Do private consultants need to charge VAT?
Todays episode started with a simple question from a podcast listener but escalated quickly into a discussion about
Annual allowance pension tax charges
Marginal tax rates
Use of Limited Companies
IR35
Income protection
Wills and POA
Pensions tax trap with salary sacrifice
It's a bumper episode, split into two parts.
The accountant featured today is Andy Pow and you can contact him here
https://www.medicsmoney.co.uk/accountant/mazars-llp/...2021-05-2536 minMedics Money podcastEp 43 Do private consultants need to charge VAT? Part 1/2Do private consultants need to charge VAT?
Todays episode started with a simple question from a podcast listener but escalated quickly into a discussion about
Annual allowance pension tax charges
Marginal tax rates
Use of Limited Companies
IR35
Income protection
Wills and POA
It's a bumper episode, split into two parts.
The accountant featured today is Andy Pow and you can contact him here
https://www.medicsmoney.co.uk/accountant/mazars-llp/
The IFA is Nick Nesbitt and yo...2021-05-1831 minMedics Money podcastEp 37 A simple payslip check to spot NHS pension problems?What are the essential checks that all doctors need to perform on their March payslip to help spot pension errors?
What are the common errors that occur with pension records?
What is the effect of dropping PAs on income and retirement?
How much will your pension pay in retirement?
Tom Skinner also tells us about his own podcast which is well worth a listen
https://barnabycecil.com/podcast
Contact Tom here
https://www.medicsmoney.co.uk/accountant/barnaby-cecil-financial-planning-limited/
Want to stay up to da...2021-04-0641 minMedics Money podcastEp 35 NHS Pension age discrimination case - What doctors need to KNOW and need to DO.NHS Pension age discrimination case - What doctors need to KNOW and need to DO.
Want to stay up to date with the latest financial information for doctors?
Join 24,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
https://www.facebook.com/medicsmoney
Contact Rachael Hall IFA here
https://www.medicsmoney.co.uk/accountant/sandringham-medical/
Contact Andy P...2021-03-2340 minMedics Money podcastEp 34 What does the budget mean for doctors?All the latest news on what the governments recent budget means for doctors.
Resources mentioned in the episode include
https://www.medicsmoney.co.uk/tax-thresholds-doctors/
Want to stay up to date with the latest financial information for doctors?
Join 24,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
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Budget Podcast
...2021-03-1625 minMedics Money podcastEp 33 -Dr Bashirs journey from IMG with £500 in his pocket ----> successful pharma and financial career.On todays episode we are joined by Dr Zahid Bashir who shares his top financial tips that allowed him to build a successful career as a doctor in pharma. Zahid shares his top financial tips that allowed him as an IMG with just £500 in his pocket to build a comfortable life for him and his family.
We talk about all the basics, spending less than you earn, saving, paying down debt and investment strategies. We also talk about Medics Money free ebook that can help you to improve your own finances. Download it here
https://ww...2021-03-0956 minMedics Money podcast10 financial tips for Consultants (and most other doctors and dentists)10 financial tips for Consultants (and most other doctors)
Back with a bang after a hiatus. The most action packed episode ever? Certainly the most amount of links ever......
Tip 1 - Pay the correct amount of tax and be aware of the marginal rate of 60% between £100,000 and £125,000
https://www.medicsmoney.co.uk/tax-thresholds-doctors/
https://www.medicsmoney.co.uk/ep-2-how-to-claim-a-tax-rebate-and-reduce-your-tax-bill/
https://www.medicsmoney.co.uk/ep-4-how-to-correct-your-tax-code/
Tip 2 - Keep your paperwork. P60, P45, TRS and payslips
https://www.medicsmoney.co.uk/doctors-pay-slip/
https://www.total...2021-02-1650 minMedics Money podcastEp 28 When doctors get sick, who pays the bills?If you get sick and can't work how would you pay your bills? How much sick pay do doctors get? Can doctors still get protection during the Covid-19 pandemic?
You've worked hard to become a doctor and that is a valuable asset you need to protect. I don't insure anything that I can afford to replace. I don't insure my phone, my bikes or even my beloved surfboards. But I DO insure mine and my families financial future and unless you could afford your current lifestyle without your income your need to think about it.
C...2021-02-0233 minMedics Money podcastEp 26 - We’re going AWOL. And 3 books all doctors need to read to improve their financesSlightly different episode this week as we give some of the best books to improve your finances. You can view the recommended books here
https://www.medicsmoney.co.uk/recommended-reading-for-doctors/
Ebook download
https://www.medicsmoney.co.uk/ebook/
Want to stay up to date with the latest financial information for doctors?
Join 24,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
...2021-01-1915 minMedics Money podcastEp 25 Using a Limited company to save tax and invest to retire early.A case study of how one Medics' Money doctor used a limited company to save tax and invest for the future.
Contact Guy Roper here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
https://www.fa...2021-01-1325 minMedics Money podcastEp 24 - Final Pay Controls - the stealth pensions tax that no one knows about.Final Pay Controls. If thats the first time you've heard those words then this episode is for you. Now, if you've listened to our previous episodes on Pensions tax you know about the problems about Annual Allowance and punitive pensions taxation for doctors. But not many people are aware of Final Pay Controls. Thankfully it applies to a niche subset of people but we hear how Final Pay Controls generated a tax bill of £200,000 and £500,000!
Contact Andy here
https://www.medicsmoney.co.uk/accountant/mazars-llp/
Want to stay up to date with...2021-01-0527 minMedics Money podcastEp 19- Do doctors pay tax on Cremation form income? Are medical exams harder than accountancy exams?Do doctors need to pay tax on Cremation form income?
We also discuss whether accountancy exams are harder than medical school exams?
Eds now legendary tax trivia segment explains why the phrase "burning the candle at both ends" actually originates from some historical tax legislation
The blog that accompanies this episode is here
https://www.medicsmoney.co.uk/crem-form-as-cash-tax-doctors/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our fr...2020-12-0826 minMedics Money podcastEp 18 - How much do GPs get paid and why should you care?How much do GPs get paid?
Whats more expensive, an annual Netflix subscription or a year of unlimited care from your GP?
What happens if a GP surgery gets into debt like most hospital trusts?
With GPs providing > 90% of care in the NHS its vital to support them. But what can be done?
Read reviews and contact Andy Pow here
https://www.medicsmoney.co.uk/accountant/mazars-llp/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CP...2020-12-0125 minMedics Money podcastEp 17 - So you want to start a side hustle?Dr Hussain Gandhi is a doctor with a very interesting and useful side hustle. In this episode he gives us some tips for starting a side hustle, some great productivity hacks and the future of online conferences.
We also find out why Dr Gandalf is the father of the Medics' Money podcast.
Dr Gandalf on YouTube
https://www.youtube.com/channel/UC3vaxQcvaxJ0xH6080x4Asw
Dr Gandalf on Twitter
https://twitter.com/drgandalf52
Download a free financial ebook here
https://www.medicsmoney.co.uk/ebo...2020-11-2828 minMedics Money podcastEp 16 - Earn while you sleep? Investing for doctorsUnless you want to earn every penny of your wealth working at the coalface until you reach retirement, you need an alternative income and investing could be it. Thanks to compound interest - the earlier you start investing the better. In this episode we give you everything you need to get started.
We talk about stocks v bonds v cash v property. The importance of matching your risk to your portfolio and how diversification can mitigate risk. We talk about the importance of minimising costs of investing and show you a new way of building a low c...2020-11-2450 minMedics Money podcastEp 15 - LTFT Cardiology Consultant, claiming tax rebates, using twitter, writing books and riding bikes.On todays episode Dr David Warriner tells us about a common tax rebate pitfall and how to avoid it. We also talk about working LTFT as a Cardiology Consultant, using Twitter to enhance your career (didn't mention donuts). Also writing books and riding bikes.
Download a tax guide here
https://www.medicsmoney.co.uk/free-guide/
Download a free financial ebook here
https://www.medicsmoney.co.uk/ebook/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via e...2020-11-2119 minMedics Money podcastEp 14 - Are you paying too much National Insurance?In this episode we find out why Eds been off the podcast for a while. We answer a listeners question and then Ed takes us on a deep dive into National Insurance. As you'll see its very easy for doctors, especially locums or those with more than one employer to overpay National Insurance.
The blog that accompanies this episode is here
https://www.medicsmoney.co.uk/national-insurance-doctors/
Download a tax guide here
https://www.medicsmoney.co.uk/free-guide/
Download a free financial ebook here
https://www.medicsmoney...2020-11-1740 minMedics Money podcastEp - 13 Firefighters, Judges and Doctors NHS Pension - what doctors need to knowTwo part NHS Pensions podcast special.
This week we will be discussing how two recent legal cases bought by Fire-fighters and Judges (McCloud and Sargeant), affects the NHS pension.
If you haven't listened to last weeks episode on the basics of the NHS Pension scheme definitely listen to that first, unless you're already an expert.
We asked Specialist Medical IFA Rachael Hall to tell us why two recent legal cases has wide ranging ramifications to the NHS Pension scheme.
We talk about the pros and cos of Immediate choice exercise V...2020-11-1027 minMedics Money podcastEp - 12 A beginners guide to the NHS pension (1/2)Two part NHS Pensions podcast special.
Next week we will be discussing how a recent legal case affects the NHS pension.
But before we get into detail next week, we start with a beginners guide to the NHS Pension.
We asked Specialist Medical IFA Rachael Hall to give us an overview of the NHS pension.
We talk about the differences between the 1995, 2008 and 2015 schemes including accrual rates, lumps sums and other benefits.
We answer some listeners questions such as
"Can I invest my NHS pension pot ethically"2020-11-0324 minMedics Money podcastEp 11 - Diagnosing doctors financial ailments in the Medics Money ClinicBrand new feature - The Medics' Money Clinic where we diagnose and treat a Medics Money podcast listeners financial ailments. This week Guy Roper, Chartered Financial Planner helps Alex (GP) and George (ST6) with cashflow budgeting, getting the right protection, saving for the future and helps them with their aim of not working until 68.
Contact Guy for your diagnosis and treatment plan here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD vi...2020-10-2733 minMedics Money podcastEp 8 - Using FIRE to avoid burnout for doctorsOn this episode we are joined by Medics' Money reader Dr Emma Thurston who has used the principles of FIRE (see Ep 7) to train LTFT and develop her interest in wellness. We talk about how money can bring you happiness. How breathing exercises can make a day on call less stressful and Emma shares her tips on how doctors can deal with burnout.
Read more about Emma here
https://www.medicsmoney.co.uk/wellbeing-for-health-care-professionals/
Emmas website https://dremmathurston.com
Emmas insta https://www.instagram.com/dremmathurston/
Want top stay...2020-10-0642 minMedics Money podcastEp 7 - The FIRE training doctors actually needIf FIRE training triggers thoughts of mandatory FIRE safety training, you’ll be relieved to hear I’m NOT about to patronise you on whether to use the powder or water extinguisher on a live electrical fire.
The FIRE I want to tell you about is Financial Independence Retire Early.
This is the FIRE training that can help doctors have the freedom to work when and how they want without worrying about money.
https://www.medicsmoney.co.uk/fire-doctors-financial-independence/
Want top stay up to date with the latest financial information for doctors?
...2020-09-2912 minMedics Money podcastEp 6 - Why ALL doctors need a financial planIn this episode we give you an overview of financial planning for doctors. Why you need a plan? How to make a plan? Why spending less than you earn paying yourself first are important. How protect your future? What qualifications do financial advisers have and how can you find a reputable adviser? It's a long one and summarises a lot of topics.
You can contact Guy Roper here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Make your own financial plan using our free ebook here
https://www.medicsmoney.co.uk/ebook/...2020-09-2236 minMedics Money podcastEp 5 - 10 financial tips for junior doctors10 high impact financial tips for junior doctors (and some Jaffa Cake tax trivia).
All the 10 tips are summarised in our free ebook here https://www.medicsmoney.co.uk/ebook/
From the Medics Money podcast studio ;-) me and Ed relive our youth and reminisce about our F1 years.
Tip 1 - Use ESR to keep your payslips, P60 and the ESSENTIAL pension document all doctors need.
Tip 2 - Got student debt? Use pay yourself first to ease the pain of repaying it.
Tip 3 - Get a HMRC Personal Tax account. It...2020-09-1536 minMedics Money podcastEp 4 - How to correct your tax codeOn todays episode we demystify doctors tax codes. Why might the standard tax code of 1250L be right for most people, but WRONG for most doctors? How can you fix your tax code yourself without phoning HMRC or NHS payroll? Tommy didn't do his homework last week but Ed comes to the rescue with more devastating tax trivia around P45, P60 and IR35. Fix your tax code here
https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD v...2020-09-0927 minMedics Money podcastEp 2 - How to claim a tax rebate and reduce your tax bill.This episode we talk you through our step by step guide to claiming a tax rebate.
Download a guide -
https://www.medicsmoney.co.uk/free-guide/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
https://www.facebook.com/medicsmoney
2020-08-2735 minMedics Money podcastEp -1 From accountant to doctor. Why we started Medics' Money and how we can help you.Act 1 Scene 1 of the Medics' Money podcast in which Ed and Tommy discuss how their personal financial journeys led them to set up Medics' Money. What life changing event led Ed to quit his accountancy career and re-train as a doctor? What did Tommy learn from paying off £85,000 of Medical School debt? Join 20,000 email subscribers and download your free ebook here https://www.medicsmoney.co.uk/ebook/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
2020-08-2315 min