Medics Money podcast

NOTE this was recorded before the change in terminology to 'Resident Doctor' from 'Junior Doctor'.   Achieve Financial Independence with FU Money: A Doctor's Journey In this video, we explore the concept of financial independence (FI) and how FU money can serve as a stepping stone toward achieving it. The speaker, once heavily indebted as a resident doctor, shares his personal journey from debt to financial stability. He explains the concept of FU money, which is enough savings or resources to allow for short-term freedom from a main job. Using examples from his own life, including a three-month surfing trip to Hawaii and the founding of 'Medics Money,' the speaker demonstrates how strategic financial planning and disciplined saving can make even seemingly unachievable goals attainable. The video highlights key financial skills such as optimizing tax, controlling spending, and setting mini-goals, ultimately providing viewers with practical steps to start their own journey toward financial independence. 00:00 Introduction to Financial Independence 01:14 Understanding Financial Independence 02:22 The Concept of FU Money 04:55 Personal Journey to FU Money 07:38 Building Medics Money 09:13 Lessons Learned and Final Thoughts 10:57 Bonus Content: NHS Pension

Website - https://youarenotafrog.com/ Instagram - https://www.instagram.com/drrachelmorris/ LinkedIn - https://www.linkedin.com/in/dr-rachel-morris/ Facebook - https://www.facebook.com/DrRachelMorris YouTube - https://www.youtube.com/@youarenotafrog Our FREE Am I Stressed, Overwhelmed or Burnt Out Toolkit - https://www.shapestoolkit.com/stressed-overwhelmed-burnout-toolkit (please note that this is due to go live on Monday, 12 May) Stress Curve Handout - https://www.shapestoolkit.com/handout-the-stress-curve-2024 Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Navigating Resident Doctor Pay Cuts, Investing Insights, and Financial Strategies In this episode of the Medics' Money MDT Podcast, hosts discuss various pressing issues affecting the medical community. Dr. Cyra Mackintosh, who recently secured a training job, and Mr. Andy Pow, a senior medical accountant, join to explore the significant challenges of unemployment facing many doctors. They break down the complications around the resident doctor pay offer and the psychological contract between doctors and the NHS. The team also underscores the pitfalls of active versus passive investing, spotlighting the Spiva Scorecard, which shows that passive investments historically outperform active funds. Lastly, they touch on the importance of financial habits, like taking advantage of cashback offers, in reinforcing long-term financial health. 00:00 Introduction and Guest Introductions 01:41 Discussing the Stock Market Crash 03:56 Investment Strategies and Media Influence 12:40 Resident Doctor Pay Offer and Job Security 23:54 Real Pay Trends in the Private Sector 25:25 Addressing Workforce Issues in Government 25:59 Educational Assistants and Pay Disparities 29:13 The SPIVA Scorecard: Active vs. Passive Investing 33:39 The Importance of Financial Confidence 40:08 Cashback Tips and Financial Savviness

Is your financial safety net complete? Join this webinar on June 3rd at 7pm with expert speaker Mike Harms. Register here. Navigating Financial Protection in the Face of Adversity: A Personal Journey In this episode, Tommy shares his personal ordeal of a severe hand injury that temporarily sidelined his medical career. Through this deeply personal narrative, he stresses the importance of financial planning, specifically how his carefully tailored protection plans, including sick pay, income protection, emergency funds, and life insurance, provided a crucial safety net. Tommy also highlights the importance of reviewing partnership agreements and the role of wills and power of attorney in ensuring financial security. Expert financial advisor Mike Harms joins to provide comprehensive insights into these financial strategies. This episode underscores the significant peace of mind that effective financial planning can offer, even in the face of unexpected life-altering events. Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Transform your finances in just EIGHT weeks! https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ Financial Well-being Tips for International Medical Graduates: Insights from Dr. Agne Meškauskienė In this episode of the MedicsMoney podcast, Dr. Agne Meškauskienėshares insights from her financial journey, enhanced by the Medics Money financial wellbeing course. Topics discussed include challenges and comparisons of working as a doctor in the UK vs Lithuania, understanding and valuing the NHS pension, essential budgeting techniques, and tips for managing debt and income protection. Dr. Agne also discusses her personal experiences with investing and the importance of financial planning for future flexibility and security. The podcast aims to help medical professionals better understand their finances and plan for a secure future. 00:00 Introduction and Overview 00:11 Challenges of International Medical Graduates 00:25 Understanding the NHS Pension 00:38 Budgeting and Financial Management 00:56 Course Information and Application 02:04 Guest Introduction: Dr. Agne Meškauskienė 02:19 Journey to the UK and Professional Differences 05:24 Financial Beginnings and NHS Pension Insights 08:50 MedicsMoney Course Experience 10:06 Investment Strategies and Behaviors 16:11 Future Financial and Career Plans 19:43 Conclusion and Final Thoughts

Resident Doctors, GP Funding, and Tax Trivia: Medics Money Podcast Episode In this Multidisciplinary Team (MDT) Medics' Money podcast episode, resident doctors voice frustrations regarding pay and working conditions, leading to discussions of potential industrial action. Dr. Cyra Mackintosh shares her personal experience with stressful specialty applications and her upcoming move for a histopathology training post. The episode also features contributions from specialist medical accountant Andy Pow and Dr. Ed Cantelo, who highlight major issues in GP funding, discrepancies in government financial support, and unravel the recent news surrounding VAT on Premium Bonds and trade agreements. An entertaining segment dives into VAT trivia, emphasising premium bond efficacy and the implications of NAO and McCloud pension judgments on doctors' finances. 00:00 Introduction and Frustrations with the Government 01:08 Welcome to the Medics Money Podcast 01:32 Dr. Cyra Mackintosh's Exciting News 04:51 Discussion on Resident Doctors' Strike 15:43 Tax Trivia: VAT on Food and Medical Procedures 25:47 Pensions and McCloud Judgment Updates 27:59 Tax Refund Adjustments and Annual Allowance Charges 28:44 The Impact of Annual Allowance Tax on Doctors 30:03 Self-Identification for Annual Allowance Tax Refunds 31:11 Medics Money: Connecting Doctors to Specialist Advisors 32:57 UK-India Trade Agreement and National Insurance Exemptions 37:22 GP Funding and Contract Issues 46:07 Premium Bonds: Not an Investment 49:26 AISMA Conference and Final Thoughts

Fix your finances FAST: https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/   In this episode of the Medics Money podcast, Dr. Rasha shares her journey into the field of palliative medicine and her experiences with financial education. She discusses her career choice, the importance of role models, and her lack of financial teachings in medical school. Rasha also opens up about her challenges and learnings regarding savings, investments, and tax efficiency. She explains how the Medics' Money Financial Wellbeing course helped her make informed financial decisions, covering topics like tax, pensions, and investments. Additionally, she reflects on her approach to teaching financial lessons to her children and plans for future financial security. This episode provides valuable insights and practical advice for healthcare professionals looking to improve their financial literacy. 00:00 Introduction and Early Financial Lessons 00:35 Guest Introduction 01:14 Career Path in Palliative Medicine 05:27 Early Financial Experiences and Lessons 07:37 Navigating Credit Cards and Investments 14:06 Discovering Medics Money and Financial Wellbeing Course 16:14 Key Learnings from the Financial Wellbeing Course 21:30 Future Financial Plans and Family Education 28:57 Conclusion and Final Thoughts

The Unexpected Benefits of a Declining Stock Market: A Doctor's Perspective In this episode of the Medics' Money podcast, the host welcomes Dr. Simone Bruschi, an ophthalmology consultant, to discuss his intriguing view on market trends and investing. Simone shares his journey from being a self-taught investor to advocating for a long-term, globally diversified index fund strategy. They discuss why a declining market can be advantageous for regular, long-term investors. The conversation also delves into the psychological aspects of investing, the importance of automated investing, and the impact of personal finance education for doctors. Listeners will gain insights into why traditional market timing is challenging and how a disciplined, low-emotion approach to investing can yield significant benefits over time. 00:00 Introduction and Guest Welcome 01:57 Background on the YouTube Comment 02:47 Discussion on Market Timing and Investment Strategies 03:30 Simone's Perspective on Market Trends 09:13 Investment Strategies and Personal Experiences 19:03 Goals and Financial Planning 24:19 Final Thoughts and Conclusion

In this episode of our MDT (Multidisciplinary Team) podcast series, we delve into several pressing topics. We start with an update on the takeover of NHS property by a US private equity firm and what this means for the healthcare system. We then explore the global economic implications of US tariffs, particularly how they are impacting bonds and creating volatility in the market. Our economics experts also put forward their views on the theory of 'taxing wealth not work' as proposed by Gary Stevenson. Wrapping up, we discuss the ongoing NHS pension crisis, including a notable case where a doctor received compensation for pension maladministration and the latest delays in issuing pension saving statements due to the McCloud judgment. Join us as we unpack these complex issues and more Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ In this episode of the Medics' Money podcast, the host welcomes Dr. Edmund Jack to discuss his financial journey and share valuable tips for fellow doctors. Approaching 1.4 million downloads, the podcast has been helping healthcare professionals improve their financial wellbeing. Dr. Jack, a GP from Devon, talks about his diverse career and the phases of his financial life, from debt accumulation to investment strategies. He highlights the importance of a structured approach to finances and the benefits of the Medics' Money Financial Wellbeing course. Key topics include sensible investing strategies, whether to pay off the mortgage or invest, and the psychological aspects of finance. Dr. Jack emphasizes the significance of having a clear financial plan, automating investments, and the long-term benefits of a diversified portfolio. Listeners also get insights into the ongoing debate about active vs. passive investing and tips for those just starting their financial journey. 00:00 Introduction and Podcast Milestone 01:53 Guest Introduction: Dr. Edmund Jack 02:13 Dr. Jack's Financial Journey 05:14 Discovering MedicsMoney 12:39 Key Learnings from the Financial Wellbeing Course 16:55 Investment Strategies: Active vs. Passive 31:30 Final Thoughts and Tips for Beginners 34:28 Conclusion and Upcoming Events Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ In this episode of the Medics' Money podcast, hosts welcome Dr. Kate Rothwell, a haematology consultant, who shares her experiences from the Medics' Money Financial Wellbeing course. The discussion covers practical financial tips, including dealing with misallocated back pay and tax traps, and the significance of knowing when and how income should be taxed. Dr. Rothwell recounts battling payroll issues and the importance of proactively managing one's finances, especially regarding pensions and investment strategies. The episode emphasizes the value of collective knowledge and persistence in handling financial matters, highlighting stories of errors corrected and financial knowledge gained. Listeners are encouraged to openly discuss and manage their finances to make informed decisions, leveraging resources like Medics' Money to navigate their financial journeys effectively. 00:00 Introduction and Overview 00:16 Back Pay Issues and Tax Traps 00:40 Pensions Taxation Explained 00:46 Investing Mindset and Tips 00:53 Impact of Financial Wellbeing 01:58 Guest Introduction: Dr. Kate Rothwell 02:46 Personal Financial Journey 05:25 Navigating Tax Challenges 18:00 Persistence with HMRC 23:42 Investing and Financial Planning 28:05 The Importance of Financial Knowledge 42:02 Conclusion and Final Thoughts

https://findapprenticeshiptraining.apprenticeships.education.gov.uk/courses/471?location=London%20Fields,%20Greater%20London   Pre-registration trainee pharmacy technician (PTPT) | NHS England | Workforce, training and education Funding for foundation training in 2025/26 | NHS England | Workforce, training and education In this episode, Tommy welcomes Gopal Ladva, a pharmacist partner, to discuss his unique role and his journey to partnership in general practice. Gopal shares valuable insights on optimizing the utilization of pharmacists in a GP setting, including his innovative approaches to electronic repeat dispensing, triage systems, and apprenticeship schemes. He emphasizes the importance of understanding finances in general practice, the value of community and knowledge sharing, and the significant impact of collaborative work. The conversation highlights the transformative benefits of integrating pharmacy expertise into general practices for improved patient care and efficiency. 00:00 Introduction and Guest Welcome 01:30 Journey to Becoming a Pharmacist Partner 02:38 Roles and Responsibilities of a Pharmacist Partner 04:22 Innovative Apprenticeship Programs 07:29 Implementing Effective Practice Strategies 11:57 The Importance of Triage in General Practice 17:36 Efficiency Through Electronic Repeat Dispensing 21:13 Reflections on Partnership and Financial Insights 25:23 Conclusion and Final Thoughts

https://www.medicsmoney.co.uk/our-courses/ In this episode, the Medics' Money team recaps a recent experiment where they discussed current medical finance issues and received positive feedback from their audience, prompting another MDT episode. The team, including Dr. Tommy, Dr. Ed, Dr. Cyra Asher, and accountant Andy Pow, covers crucial topics such as checking national insurance records for state pension eligibility, the volatility in the stock market, and the financial implications of electric cars. Additionally, they dive into why current trainees might be hesitant to pursue GP partnerships, discussing the financial risks and lack of business training in medical education while emphasizing the importance of seeking proper guidance and education through Medics' Money's courses. The discussion also touches on medical negligence and vicarious liability risks within GP partnerships. 00:00 Introducing the MDT Experiment 01:07 Meet the Medics Money Team 02:35 Importance of Checking National Insurance Records 04:10 Understanding Voluntary Contributions 05:50 Child Benefits and National Insurance Credits 11:26 Global State Pension Eligibility 13:03 The Great Stock Market Crash Discussion 20:18 Stock Market Sale 20:37 Electric Car Tax Changes 21:33 Luxury Car Tax Explained 22:30 Electric Car Incentives 24:38 Impact of Tax Policy on Electric Cars 27:10 GP Partnership Challenges 31:53 Lack of Knowledge About Partnerships 37:09 Unlimited Liability Concerns 42:49 Conclusion and Final Thoughts

Transforming Primary Care: The Role of Independent Prescribing Pharmacists In this podcast, a GP hosts members from DPP Connect to discuss innovative ways of integrating pharmacists into primary care. Raheena Kasam, Mahmud, and Sadik explain their roles and the function of DPP Connect in facilitating pharmacists to become independent prescribers by matching them with GPs for practical training. They delve into the specifics of the independent prescribing qualification process, the benefits for GP practices, and the future of pharmacist roles in general practice. The conversation highlights the collaborative efforts between GPs and pharmacists, the workflow integration, and the positive impact on patient care. 00:00 Introduction to the Podcast and Guests 02:02 Overview of DPP Connect 02:40 Understanding Independent Prescribing for Pharmacists 04:04 Real-Life Experiences and Benefits 06:44 Training and Supervision Requirements 10:03 Specialization and Scope of Practice 13:59 Vetting and Onboarding Process 16:04 Getting Started with DPP Connect 16:38 Future of Pharmacists in General Practice 21:16 Conclusion and Contact Information

Sign up to Tandem here. In this episode, host Tommy interviews Dr. Katie Baker, who transitioned from being a GP to becoming the CEO of a global healthcare company and Operations Director at Tandem Health. They discuss Dr. Baker's career journey, the role of AI in healthcare, and the groundbreaking AI scribe tool by Tandem Health designed to reduce administrative burdens for clinicians. They also delve into Dr. Baker's insights on the future of health tech, the importance of clinician involvement in tech startups, and practical tips for integrating AI tools into medical practices. The conversation highlights how AI can transform healthcare by allowing clinicians to focus more on patient care while streamlining administrative tasks. 00:00 Introduction and Guest Welcome 01:00 Discussing AI in Healthcare 02:03 AI Scribe Demonstration 03:26 Consultation Simulation 08:38 Tandem Features and Benefits 14:36 Getting Started with Tandem 16:02 Understanding Tandem's Pricing and Cost Efficiency 17:33 Necessary Equipment for Using Tandem 18:49 Navigating Implementation and Sign-Off Challenges 19:53 From GP to Health Tech: Katie's Journey 23:15 Breaking into Health Tech: Tips for Clinicians 29:23 The Role of Clinicians in Health Tech Startups 32:19 The Future of Health Tech and AI in Medicine 35:20 Conclusion and Trial Information Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

In this episode of the Medics' Money podcast, host Cyra welcomes co-leads Sophie and Henry from the BMA's finance campaign and fourth-year medical student Miki to discuss the financial challenges faced by medical students in England. They delve into how student finance currently works, the significant drop in funding during later years of study, and the impact of these financial shortcomings on students' lives. Personal stories highlight the struggles of balancing intense academic workloads with part-time jobs and the use of food banks, among other hardships. The episode also explores potential solutions, including the continuation of full maintenance loans, increased grants, and better pre-application information. The guests share ongoing efforts to engage with government departments and proposed actions to address these critical issues. 00:00 Welcome to the Medics Money Podcast 00:28 Meet the Finance Campaign Co-Leads 01:16 Understanding the Student Finance System 03:18 The Financial Struggles of Medical Students 05:38 Personal Stories of Financial Hardship 11:00 Campaign Goals and Government Engagement 18:14 Closing Remarks and Future Actions

In this episode of the Medics' Money Podcast, Chartered Accountant and Doctor Cyra takes over for Women's Week in honour of International Women's Day. She engages in a detailed discussion with Melanie Thomas, an accountant specialising in the financial management of doctors. The conversation delves into observed behavioral and career differences between male and female NHS consultants and GPs, particularly in relation to risk-taking, investment behaviors, and work-life balance. They explore the impact of these differences on gender pay gaps and pension disparities. Additionally, the episode provides actionable advice for female doctors to gain financial literacy and confidence in managing their finances. Stay tuned for more insights throughout Women's Week on multiple platforms. 00:00 Introduction to Women's Week 00:28 Meet Melanie Thomas: Accountant for Doctors 01:05 NHS Consultants: Gender Differences in Private Practice 03:16 GPs: Gender Dynamics and Financial Roles 06:11 Investing Behaviors: Risk Appetite and Gender 08:38 Balancing Family and Career: The Hidden Workload 10:10 Empowering Women in Finance 12:10 Conclusion and Upcoming Topics

GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Journey from ONG Trainee to Influential GP Partner: Tips & Insights with Dr. Durrat In this episode, we hear from Dr. Durrat, a GP partner who shares her transformative journey from an ONG trainee to a GP partner. Durrat offers invaluable insights into improving recall systems, leveraging cloud accounting, and utilising automations and technologies to enhance GP practices. She discusses the significant impact of the Medics Money GP partnership course on her career and practice management. She also highlights the pros and cons of being a GP partner, the benefits of a supportive GP community, and provides practical tips for aspiring partners. 00:00 Introduction to Today's Podcast 02:20 Meet Dr. Durrat Bharmal 02:53 Journey to Becoming a GP Partner 04:41 Learning the Business Side of GP 08:05 Implementing Changes in Practice 11:05 Pros and Cons of Being a GP Partner 14:13 Future Plans and Final Thoughts

Family Finances Guide: www.medicsmoney.co.uk/familyfinances Part 2 of Financial Family Planning In this episode, Matt and Cyra, a chartered accountant and doctor, delve deeper into financial planning for medical families. They discuss the impacts of maternity and paternity leave on NHS pensions and financial obligations such as student loans. Saira highlights the various maternity leave policies, their effect on pensions, and alternatives like shared parental leave. They also address ongoing student loan repayments during parental leave, potential discounts on professional subscriptions, and strategies to manage childcare costs while working in the NHS. Key topics include child benefits, tax-free childcare, and the nuances of working less than full-time as a medical professional. 00:00 Introduction and Welcome 00:23 Recap of Part One 02:14 NHS Pension During Leave 05:16 Impact of Student Loans 08:01 Subscription Discounts During Leave 12:21 Child Benefits and Tax-Free Childcare 20:37 Locum Work and Parental Leave 22:08 Working Less Than Full Time 28:02 Conclusion and Guide Reminder

In this episode of the Medics' Money podcast, hosts Ed and Matthew provide a comprehensive guide on essential tax planning strategies to consider before the end of the 2024-2025 tax year on April 5, 2025. They cover six crucial topics, including claiming tax rebates for professional expenses from prior tax years, maximizing ISA allowances, understanding and mitigating marginal tax rate traps, exploring asset transfers to lower-taxed spouses, and staying aware of potential pension annual allowance issues. The episode aims to help healthcare professionals avoid missing out on valuable tax-saving opportunities and offers actionable tips to optimize financial planning. 00:00 Introduction and Overview 00:58 Meet Ed: Your Tax Guide 02:12 Claim Your Tax Rebates 06:00 Maximizing Your ISA Allowance 11:54 Understanding Marginal Tax Rates 14:57 Transferring Assets to Lower Tax Spouses 17:27 Pension Contributions and Annual Allowance 19:21 Final Thoughts and Recap Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Navigating Entrepreneurship as a Doctor: Insights from Elle Todd   In this episode, originally aired on 'What Medical School Doesn't Teach Us,' Cyra interviews Elle Todd, a part-time A&E doctor and full-time entrepreneur, about her journey in starting her own business. Elle shares valuable advice for doctors considering a shift to entrepreneurship, emphasizing the importance of passion, resilience, and comprehensive market research. She outlines key steps in the process, including developing a business plan, incorporating a company, and practical tips on website development and legal requirements. Elle also highlights the significance of balancing a job while initiating a business to manage financial risks and sustain motivation. The episode is packed with actionable insights, making it a must-listen for aspiring entrepreneur-doctors. 00:00 Introduction: Transitioning from Medicine to Business 00:59 Meet the Hosts and Guest 01:36 Elle's Journey to Entrepreneurship 03:18 Finding the Right Business Idea 05:53 Essential Elements for Starting a Business 08:27 Market Research and Initial Steps 10:46 Financial Considerations and Business Models 22:22 Legal Requirements and Incorporation 26:25 Setting Up a Business Bank Account 27:25 Creating a Comprehensive Business Plan 28:57 Managing Multiple Businesses and Accounts Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results. 29:27 Handling Accounting and Outsourcing 31:36 Legal Documents and Policies 34:15 Building and Managing Your Website 42:03 Lessons from a Failed Business Idea 47:22 Balancing a Job and a Side Hustle 48:49 Final Thoughts and Social Media Plugs

Navigating Financial Family Planning for Doctors In this episode of the Medics' Money Podcast, the hosts delve deep into the complexities of financial family planning specifically tailored for doctors. Matthew is joined by Cyra, a doctor and chartered accountant, they explore various leave entitlements and financial planning considerations during family planning stages. The discussion includes comprehensive details about occupational maternity leave, statutory maternity pay, maternity allowance, paternity leave, and shared parental leave. Cyra offers insights into practical steps and various scenarios to maximize financial benefits, aiming to make this overwhelming subject more manageable. The episode is accompanied by a downloadable PDF guide to assist listeners further. 00:00 Introduction to Financial Family Planning 02:17 Understanding Occupational Rights During Pregnancy 07:10 Navigating Maternity Leave 15:07 Statutory Maternity Pay and Leave 23:26 Paternity and New Parent Support Leave 26:34 Adoption Leave Explained 28:14 Shared Parental Leave: A Comprehensive Guide 36:47 Conclusion and Next Steps Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Medics Money MDT: Hot Takes on Financial Stories and Tax Debates In this special episode of the Medics Money podcast, the hosts introduce a new format where the Medics Money private group chat goes public. Featuring Dr. Cyra Asher, Andy Pow, and COO Matthew Hodder, the team dives into controversial financial topics and current events. They explore why a £100,000 salary isn't sufficient anymore, debate the potential abolition of cash ISAs, and discuss the implications of higher Vanguard fees. The episode also touches on the ongoing challenges in the UK stock market and the possible review of Lifetime ISAs, while providing a mix of expert insights and light-hearted banter. 00:00 Introducing the MDT: A New Podcast Style 01:09 Meet the MedicsMoney MDT Team 02:53 The Financial Struggles of a £100k Salary 03:32 Breaking Down the Numbers: Why £100k Isn't Enough 10:11 The Impact of Fiscal Drag and Inflation 17:47 Potential Abolition of Cash ISAs 28:17 AstraZeneca and UK Government Grants 28:31 Investment Portfolios and UK Market Challenges 30:31 Incentivizing Investment in British Companies 31:26 UK Stock Market Performance and Pension Fund Management 37:00 Vanguard Fee Increases and Investment Platforms 45:44 Lifetime ISA Review and Future Prospects 50:01 Final Thoughts and Wrap-Up Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this video is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Disclaimer: The information provided in this video is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results. Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter  

Navigating Financial Complexities for GPs: Limited Companies and Adjusted Net Income In this episode of the Medics' Money podcast, financial experts delve into two complex questions from GPs. The first question examines whether it is beneficial for a GP practice to use a limited company for certain services, discussing various tax implications, legal considerations, and regulatory challenges. The second question addresses how GP partners can manage their adjusted net income to stay below the £100,000 threshold, particularly in relation to pension contributions and the annual allowance. The discussion provides valuable insights for GPs and other doctors, emphasizing the importance of understanding financial nuances and seeking specialist advice. 00:00 Introduction and Episode Overview 01:23 Question 1: Using a Limited Company for GP Work 02:35 Tax Implications and Considerations 05:27 Legal and Regulatory Issues 07:46 Pension and Financial Planning 10:51 Conclusion of Question 1 14:48 Question 2: Adjusted Net Income and Private Pensions 16:28 Understanding Adjusted Net Income 19:14 Pension Contributions and Tax Relief 23:03 Gift Aid and Tax Planning 24:59 Practical Advice and Final Thoughts 34:23 Closing Remarks and Course Information Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Unveiling the Secret 60% Tax Rate and 7 Ways to Avoid It for High-Income Earners in the UK This podcast reveals the hidden 60% effective income tax rate affecting those earning between £100,000 and £125,140 in England and Wales. Co-founder of Medics' Money, Dr. Ed Cantelo, a chartered accountant and tax advisor, explains the complexities behind this marginal tax rate, originated from a government measure in 2010 to reduce the national debt. The discussion covers its significant impact on healthcare professionals and others close to the £100,000 income threshold. Dr. Cantelo outlines seven strategies to avoid the tax trap including maximizing employment expenses, utilizing gift aid donations, contributing to private pensions, leveraging the NHS pension scheme, planning around child benefit, equalizing income with a partner, and ultimately, considering whether to work less. The detailed insights aim to help high-income earners minimize their tax liabilities legally while maintaining financial stability. 00:00 Introduction to the Secret 60% Tax Rate 01:01 Understanding the Marginal Tax Rate 04:35 Impact on Healthcare Professionals 06:14 Seven Strategies to Avoid the Tax Trap 06:31 Strategy 1: Maximizing Employment Expenses 07:44 Strategy 2: Utilizing Gift Aid Donations 09:30 Strategy 3: Contributing to Private Pensions 11:48 Strategy 4: Leveraging the NHS Pension Scheme 12:31 Strategy 5: Planning Around Child Benefit 14:20 Strategy 6: Equalizing Income with Your Partner 15:53 Strategy 7: Working Less to Avoid Extra Tax 18:06 Conclusion and Summary

7 Habits of Financially Successful Doctors In this Medics' Money podcast, the focus is on improving financial habits for doctors, whether they are struggling or already successful. The video emphasizes the significance of habits in achieving financial success, highlighting the first two out of seven key habits: 1) Wealthy doctors buy assets, not liabilities, and 2) Wealthy doctors spend less than they earn. Viewers are encouraged to understand the difference between assets and liabilities, and to focus on maintaining a higher savings rate by reducing expenses and making smarter financial decisions.  Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Find out how much Tommy made through investing :O https://youtu.be/kBe_p4Nowzk?si=2_Xxx56Q90D0PBTH Why Expert Stock Market Predictions Usually Fail and What to Do About It In this video, Dr. Tommy Perkins from MedicsMoney discusses why expert predictions for the stock market, including those for 2025, are often incorrect. By reviewing major financial institutions' predictions for 2024, he demonstrates the consistent inaccuracies of these forecasts and highlights the cost implications for investors relying on active fund managers. Instead, Dr. Perkins advocates for evidence-based investing through low-cost passive funds, which historically outperform actively managed funds. He also shares his personal investment strategy and invites viewers to reflect on their own approaches for 2025. 00:00 Introduction to Expert Predictions 01:34 Why Expert Predictions Matter 02:42 The Cost of Active Management 04:00 Reviewing 2024 Predictions 06:51 Evidence-Based Investing 08:32 Looking Ahead to 2025 09:10 Conclusion and Viewer Engagement Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

This podcast episode is a replay of a bonus session from the Financial Wellbeing course, featuring Will Rainey, a children's author. The discussion centers on the importance of teaching children about finance, covering practical aspects like tax-efficient investments for kids and how to talk to children about money using engaging stories. Will Rainey, author of 'Grandpa's Fortune Fables,' shares his journey from the corporate financial world to creating educational stories for children. He emphasizes the power of storytelling in imparting financial wisdom to kids, explaining concepts like saving, investing, patience, and the hazards of gambling and scams. The episode also delves into effective methods for giving pocket money, teaching compound interest, and the pros and cons of giving children cash versus digital money. The session concludes with a note on upcoming sessions and resources for further learning. 00:00 Introduction to Financial Education for Children 01:59 Meet Will Rainey: Author and Financial Educator 07:01 The Concept of Financial Forests 13:49 Teaching Financial Prudence to Teenagers 18:42 Pocket Money: To Link or Not to Link with Chores? 25:03 The Importance of Cash for Kids 25:37 Transitioning to Digital Money 27:38 Educational Tools and Apps 28:49 Engaging Financial Stories for Kids 29:22 Lessons on Scams and Patience 32:33 Understanding Spending and Saving 39:30 The Power of Compound Interest 44:00 Final Thoughts and Resources Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Dr Trapped vs Dr Wealthy. Which do you feel most aligned to? If Dr Trapped, what can you do about it?? https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Transform your financial future in just 8 weeks https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ Donate to Robbie's charity bit.ly/NM-Sponsor Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

The Medics' Money team join forces to give their personal New Years' Resolutions as well as general tips to improve your finances. Happy New Year everyone!   Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter   2025 Financial New Year's Resolutions for Doctors  In this special New Year's episode of the Medics' Money Podcast, the team dives into their personal financial resolutions for the coming year. Without Ed's physical presence, but with his voice edited in, the team includes Tommy, Cyra, Andy, and Matthew. They share their goals and advice for 2025, discussing topics like handling emergency funds, contributing to ISAs, improving credit scores, reviewing direct debits, and exploring offset mortgages. The team offers practical advice for doctors on automating savings, investing smartly, and ensuring financial well-being. Tune in to get inspired and kickstart your financial goals for 2025 with expert insights from Medics' Money! 00:00 Introduction and New Year's Greetings 01:09 Cyra's Financial Resolution: Managing the Emergency Fund 01:56 Tommy's Insights on Emergency Funds and Investments 07:05 Matthew's Resolution: First-Time Home Buyer Tips 09:16 Andy's Resolution: Starting Something New 13:55 Ed's Inserted Segment: Overpaying Mortgages and Direct Debits 21:26 Tommy's Personal and Financial Resolutions 25:32 Conclusion and Looking Ahead to 2025  

MedicsMoney 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!  Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter  

Want to educate yourself with expert guidance about investing?  Head over to --> www.medicsmoney.co.uk/fwb Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Ed takes us through the recent pay uplift that many doctors would have received this November. Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

https://www.medicsmoney.co.uk/fwb Register for live teaching https://www.medicsmoney.co.uk/live/ 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, as well as practical advice on managing GP pension records and making tax-efficient decisions. Detailed timestamps of the Q&A are provided to help listeners find specific information. 00:00 Introduction to Live Financial Teaching Sessions 00:30 Upcoming Live Sessions and Registration Details 00:53 Podcast Overview and Q&A Replay Announcement 02:30 Salary Sacrifice and NHS Pension Impact 04:18 Annual Allowance Tax Charge Explained 06:05 Student Loans: Pay Off or Invest? 08:56 Investment Strategies and Robo-Advisors 10:24 Pensionable Pay and Family Protection Benefits 14:51 Investment ISAs and Retirement Strategies 19:24 GP Pension Records and Fixing Gaps 23:02 Conclusion and Upcoming Webinars Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Now the dust has settled, let's find out how the dust will affect NHS doctors with special guest star Mike Harms from Medical and General IFA. Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Join the chair of BMA GPC Katie Bramall-Stainer for a live podcast recording to members of our GP Partnership Community. How to sort out NHS Pension on PCSE https://youtu.be/9Q3O34IapOE?si=2Hya6deAXP4n6l0d GP Partnership course https://www.medicsmoney.co.uk/gp-partnership-programme/ Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

In this episode of the Medics Money podcast, Dr. Cyra Mackintosh, a doctor and chartered accountant, discusses with Andy Pow, a medical specialist accountant, the differences between GP partnerships, limited companies, and LLPs. They delve into the pros and cons of each structure, including liability concerns, tax implications, and how they affect the financial operations of GP practices. The episode aims to provide up-and-coming GPs with fundamental knowledge to navigate the business aspects of GP practice effectively.   Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter   00:00 Welcome to the Medics Money Podcast 00:50 Introduction to Andy Pow 01:57 Understanding GP Practice Structures 03:39 Pros and Cons of GP Partnerships 05:14 Limited Companies in the GP Space 07:03 Risks and Considerations for Limited Companies 11:07 Tax Implications of Limited Companies 22:57 Exploring Limited Liability Partnerships (LLPs) 27:16 Final Thoughts and Advice

Tommy takes us through not what investments he owns, but 5 questions any doctor can ask before starting investing to get the right mindset secured! Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

Tommy and Andy take you through everything you've need to know and do if you have, or haven't yet, received a brown envelope in the post... McCloud explained https://www.medicsmoney.co.uk/what-does-the-mccloud-judgement-mean-for-my-nhs-pension/ Find a Medics' Money approved accountant to help https://www.medicsmoney.co.uk/medical-accountant/ HMRC triage tool (watch YouTube before using) https://www.gov.uk/guidance/calculate-your-public-service-pension-adjustment   Mastering NHS Pension Adjustments: Expert Guidance and Essential Steps This episode provides a comprehensive guide to navigating the complexities of NHS pension adjustments in light of the McCloud remedy. Host Tommy, along with specialist Andy Pow, delve into the background and implications of recent pension changes, offering essential tips for recalculating annual allowance tax charges and understanding eligibility for compensation. They explain the use of triage tools, the submission process for revised tax data, and the importance of meeting deadlines to avoid penalties. The discussion also highlights difficulties NHS staff face in obtaining accurate pension data, especially in Scotland, and the necessity of seeking professional financial advice. Listeners are encouraged to verify their pension records, understand tax implications, and use resources like the Medics Money website for expert guidance. Practical steps for managing pension-related disclosures and avoiding common pitfalls are provided.

Tori from Honey Barrett Chartered Accountants takes us through limited companies for doctors today.   AI generated summary: Tori Fergusson In this insightful episode, we dive into tax-efficient ways to extract money from a limited company and navigate HMRC compliance checks with Tori Fergusson from Honey Barrett Specialist Medical Accountants. We discuss directors' loans, employing spouses, avoiding tax investigations, and much more. Tune in to empower yourself with essential financial knowledge! Introduction & Listener Questions Welcoming Tori Fergusson Why Honey Barrett? Expert Discussion: Limited Companies Tax-Efficient Ways to Extract Money Compliance Interactions with HMRC Handling Information Notices Real-Life Case Studies Conclusion & Contact Information

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. Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram: https://www.instagram.com/medicsmoney/ Follow us on Twitter: https://x.com/medicsmoney  

Overcoming 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 and gain insights into maintaining morale, managing finances, and adapting to unexpected changes in a healthcare setting. This episode is essential for healthcare professionals seeking to improve their practice management skills. Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram: https://www.instagram.com/medicsmoney/ Follow us on Twitter: https://x.com/medicsmoney 00:00 Introduction to the Challenges of Being a GP Partner 01:26 Meet Dr. Rebecca Keogh: Overcoming Practice Challenges 02:16 The MedicsMoney GP Partnership Course Impact 02:50 Facing Unexpected Challenges: Practice Manager Departure 04:11 Navigating Financial and HR Responsibilities 16:56 Recruitment and HR Solutions 24:05 Reflecting on the Journey and Future Outlook 27:29 Conclusion and Final Thoughts

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 and make informed decisions. Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram: https://www.instagram.com/medicsmoney/ Follow us on Twitter: https://x.com/medicsmoney   00:00 Introduction to the Upcoming Budget 00:21 Meet the Hosts and Their Summer Adventures 02:27 Discussing the Labour Government's 22 Billion Pound Black Hole 04:06 Current High Tax Burden and Predictions 09:36 Potential Changes in Capital Gains Tax 17:40 Speculations on Pension Tax Relief 24:21 Inheritance Tax and Other Speculations 33:28 Final Thoughts and Financial Advice 42:25 Conclusion and How to Stay Updated  

Tommy is joined by Rhoda from the Financial Wellbeing Course to explain how she revolutionised her finances in just 8 weeks? https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ Get paid for your Opinion here!  Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

This week we're deep diving into a question we get asked all the time: I have an NHS Pension, but should I invest in a private one too? Get paid for your Opinion here!  Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter  

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 invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter   00:00 Welcome Back to MedicsMoney Podcast 01:26 The PPE Journey During the Pandemic 04:14 Innovative Solutions and Collaborations 06:22 Introduction to AI and LLMs 07:01 Demo of Tortus AI for Doctors 16:27 Recording Setup and Initial Impressions 17:05 How the AI System Works 20:51 Privacy and Security Measures 23:44 Challenges of Innovating in the NHS 31:35 Future of AI in Healthcare 36:51 Conclusion and Final Thoughts

Part two of the Medics' Money MBA!  https://www.medicsmoney.co.uk/mba/ Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter