MDT 2: Stocks crash, pension deadline, Tesla tax and why GPs don’t want to be partners.

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