Andy Pow

Join Andy Pow, a seasoned medical specialist accountant with extensive experience advising GP practices, as he teams up with Dr. Cyra Mackintosh to dissect the models of GP practices. They reveal the advantages and challenges of partnerships versus limited companies, touching on liability, tax implications, and financial operations. Listeners will find valuable insights on transitioning between structures and the importance of making informed decisions. Perfect for new GPs looking to navigate the business landscape effectively!

Andy Pow, a financial expert specialized in NHS pension schemes, joins the discussion on how NHS professionals can strategically plan for early retirement. He breaks down the complexities of the 1995, 2008, and 2015 pension schemes, highlighting key differences and benefits. The conversation emphasizes the importance of starting early with pension contributions, exploring options to top up retirement income, and using spreadsheets for effective financial planning. Discover various strategic approaches to ensure a financially secure early retirement.

Dr. Tony Goldstone, a radiologist turned pensions expert, and Andy Pow, a seasoned medical accountant, dive deep into the complexities of NHS pensions. They discuss the shift from traditional to defined benefit schemes and the impact of the tapered annual allowance. The duo uncovers the complications surrounding the McCloud Remedy and shares the administrative challenges faced by doctors. Their practical advice encourages healthcare professionals to stay informed and actively manage their pensions for a secure financial future.

Dr. Cyra Asher, a doctor and accountant with a knack for financial strategy, joins accountant Andy Pow to discuss pressing financial issues for medical professionals. They explore the recent stock market volatility and its impact on investments. The two also stress the importance of reviewing national insurance records for state pension eligibility. Additionally, they delve into why many GP trainees shy away from partnerships due to financial risks and lack of business training, highlighting the urgent need for enhanced education in this area.

In this engaging discussion, Andy Pow, a specialist medical accountant with 30 years of experience, dives into the intricacies of the NHS pension scheme. He outlines the tax efficiencies that make these pensions appealing and breaks down the differences among the 1995, 2008, and 2015 sections. Additional benefits like death in service and ill-health retirement are explained, alongside crucial tips for maintaining accurate pension records. Listeners gain valuable insights into comparing NHS pensions with private options and the importance of regular pension checks.