Medics Money podcast

Listeners questions Today we answer listeners questions on everything from the problem with Facebook financial advice to whether you need to claim tax rebates each year. Keep the questions coming and we will answer as many of them as we can. 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...

How do you go about building an app to help doctors make sense of blood tests? Dr Alex Langridge tells us how he built Buku medicine app   Website Buku Medicine Buku Medicine Dr Alex langridge. Alex Langridge is a Haematology Registrar in the North-East of England and created Buku Haematology in 2017. He writes content alongside Steve O’Brien, and performs the day-to-day maintenance and promotion...

Today we talk to two doctors who started their own investment club. 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  

As accountants and tax advisers, we are often asked the benefits of holding residential rental properties through a limited company. Whilst there are benefits of holding residential rental properties in a corporate structure, the downsides need to be given equal airtime. In this article, we explore some of the advantages and disadvantages of holding residential rental properties in a limited compa...

Dr James Somauroo tells us about his journey from Junior doctor to healthech guru. We talk about "Quitting" medicine How to switch career How can the latest health tech run on NHS computers The sleeping habits of new puppies Clubhouse  Windows 95 - under rated OS Biggest financial mistakes Want to stay up to date with the latest financial information for doctors? Join 24,000 doctors receiving free...

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 Contac...

HOW MUCH!!! do Australian doctors get paid? Dr Carl Kennedy - an Australian paediatric cardio thoracic anaesthetist from "Ramsay Street" currently working in the UK.  Whats the difference between working in the UK and Australia? Who gets paid more, UK doctors or Australian doctors? SPOILER the difference in pay is absolutely staggering. Would Dr Kennedy rather be a patient in the UK or Oz? What ch...

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 Con...

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/ Follow us on Twitte...

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 st...

Should doctors and dentists use a limited company to save tax? It's one of the most common questions we get asked on Medics' Money. We talk about who can benefit and why. We also talk about how favourable BIK rates can make buying a fully electric car like a TESLA cheaper.  Calculations relevant to the podcast below https://www.medicsmoney.co.uk/ltd-company-calculations/   Join 24,000 doctors rece...

Tax reducers for high rollers including discussion around Venture Capital Trusts and  Enterprise Investment Scheme. Join 24,000 doctors receiving free financial CPD like this by downloading our ebook https://www.medicsmoney.co.uk/ebook/   Subscribe to the Medics Money podcast here   Apple – http://tiny.cc/MMapple   Spotify – http://tiny.cc/MMspot   Google – http://tiny.cc/MMandroid

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-r...

There are some important NHS pension changes and deadlines to be aware of. We asked George Crowe, specialist medical accountant to give us a summary. What are the changes to the tapering of the annual allowance that were announced in the 2020 budget? From 16/17 to 19/20 if threshold income exceeded £110,000 and adjusted income exceeded £150,000, allowance tapered. Thresholds increased to £200,000...

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 familie...

Pensions royalty with Sir Steve Webb and Rachael Hall discussing, Why the government introduced  the Tapered Annual allowance that has resulted in punitive tax bills for so many doctors? Did the government foresee the impact of the Tapered Annual allowance on the hard working staff of the NHS? How earning £5,000 cost one Consultant £13,500 ie PAYING to go to work. Whether the AA compensation schem...

Slightly 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 downloa...

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.medics...

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 gen...

Mr Usman Ahmed is an Orthopaedics consultant who was told to sell his car to fund his training. Instead, Usman transformed his finances and now helps trainees to do the same using his innovative virtual learning environment. Not only does this provide traditional medical education and training, but also includes information on wellbeing and finances. Want to stay up to date with the latest financi...

The answers to last weeks Christmas quiz to test your financial knowledge. Want to stay up to date with the latest financial information for doctors? Join 22,500 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  

A Christmas quiz to test your financial knowledge. Also lockdown surfing. The worst Xmas On-call rota ever and more tax trivia. 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 F...

How much do doctors in Australia get paid? What's it like for a UK trained doctor working down under? How hard do Australian doctors work? Whats the tax, cost  of living and pension like in Australia. What are the downsides to working in Australia.  Something a little different this week, as we catch up with Dr Sam Gluck who trained with Tommy in F1 and then went for a 1 year trip to Australia. Th...

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/   Wan...

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 da...