At 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 out for on your payslip
•What should you do when you notice you haven’t been paid correctly
•Sick pay
•Claiming tax rebate on costs of training
•Relocation costs
Expert guests:
Dr Tommy Perkins and Dr Ed Cantello are GPs and co-founders of Medics Money.
Useful links that Dr Perkins and Dr Cantelo recommend:
•Free Ebook https://www.medicsmoney.co.uk/ebook/
•10 top tips for junior doctors podcast https://www.medicsmoney.co.uk/ep-5-10-financial-tips-for-junior-doctors/
•Tax code guide - https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/
•Tax rebate guide - https://www.medicsmoney.co.uk/free-guide/
Check us out on social media:
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This podcast is produced and edited by Dom Byrne and Duncan Jarvies.
This episode does not represent any form of financial, legal or accounting advice and tax allowances and rates are subject to change.
