Andy Powell

In a revealing conversation, Andy Powell, a specialist medical accountant with decades of experience, joins NHS consultant anaesthetist Hanlie Duplessy, who shares her shocking encounter with pension growth discrepancies. They discuss how small payroll errors can lead to significant financial consequences, including unexpected tax charges. Andy offers practical advice for verifying pension data and understanding the annual allowance. The duo emphasizes the importance of diligence and seeking professional help to navigate the complex NHS pension landscape.

In this discussion, guest Andy Powell, a specialist medical accountant, breaks down the recent budget changes that impact healthcare professionals. He discusses the implications of frozen income tax thresholds and new rates for property, savings, and dividends. The conversation highlights the lack of changes to NHS pensions and warns of future caps on salary sacrifice. Listeners also learn about planned NHS spending on digital investments and new health centres, alongside changes in vehicle duties and council tax for luxury homes.

Join expert accountant Andy Powell, who brings 30 years of experience advising doctors, as he discusses the potential implications of Rachel Reeves' upcoming budget. Andy delves into possible pension reforms, including the controversial return of the Lifetime Allowance. The conversation shifts to the effects of inflation on NHS pensions and speculation about VAT increases and their impact on small businesses. Plus, they explore national insurance changes and the future of ISAs, offering insights that could affect healthcare professionals nationwide.

In this enlightening discussion, Andy Powell, a specialist medical accountant with over 30 years of experience, dives into the financial health of over 6,000 doctors. He uncovers critical insights about tax relief, emphasizing that many medical professionals are missing out on potential savings. The conversation also highlights the surprising investment behaviors among doctors, including property investments, and the importance of financial literacy. Powell advocates for personalized financial planning and the necessity of income protection insurance, stressing the need for doctors to secure their financial futures.

Andy Powell, an independent medical accountant and NHS pensions expert, discusses the pressing issues in the NHS pension system, especially for GPs. Key problems include missing contributions and bureaucratic hurdles that undermine trust in the system. Together, they propose reforms like automating data entry, scrapping the GP Solo system, and streamlining paperwork to enhance efficiency. They also stress the need for a strategic investment to improve the overall management of pensions, providing resources that help GPs better navigate this complex landscape.