Episodes

  • Ep 239: Labour's Halloween Budget Aims to Balance Tricks with Treats

    Ep 239: Labour's Halloween Budget Aims to Balance Tricks with Treats
    Oct 31 2024

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    https://www.medicsmoney.co.uk/gp-partnership-programme/

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    24 mins
  • Ep 238: Remedial Pension Savings Statements... what do YOU need to do?!

    Ep 238: Remedial Pension Savings Statements... what do YOU need to do?!
    Oct 29 2024

    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.
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    53 mins
  • Ep 237: Maximising Tax Efficiency for Limited Companies: Expert Tips with Tori Fergusson

    Ep 237: Maximising Tax Efficiency for Limited Companies: Expert Tips with Tori Fergusson
    Oct 22 2024

    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
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    34 mins
  • Ep 236: Is your NHS payslip correct? NHS Pension Tax relief? Investing for your kids? - Q&A Episode!

    Ep 236: Is your NHS payslip correct? NHS Pension Tax relief? Investing for your kids? - Q&A Episode!
    Oct 15 2024

    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/

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    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/

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    46 mins
  • Ep 235: Surviving a Crisis in GP Dr. Rebecca Keogh on GP Partnerships & Practice Management

    Ep 235: Surviving a Crisis in GP Dr. Rebecca Keogh on GP Partnerships & Practice Management
    Oct 8 2024

    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/

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    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
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    29 mins
  • Ep 234: 2024 Budget Predictions - Which taxes will rise? CGT, Pensions tax, IHT and more

    Ep 234: 2024 Budget Predictions - Which taxes will rise? CGT, Pensions tax, IHT and more
    Oct 1 2024
    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/

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    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/

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    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
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    43 mins
  • Ep 231: This doctor TRANSFORMED their finances in 8 weeks?!

    Ep 231: This doctor TRANSFORMED their finances in 8 weeks?!
    Sep 24 2024

    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/

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    18 mins
  • Ep 230: Should doctors get a private pension?

    Ep 230: Should doctors get a private pension?
    Sep 17 2024

    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/

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    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/

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    36 mins