

Medics Money podcast
Medics Money
The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.
Episodes
Mentioned books

10 snips
Oct 7, 2025 • 25min
Ep 292: Urologist with side hustle(s) Property investing + Stocks investing + Asthetics
Mr. Randeep Dhariwal, a urologist and diversified investor currently doing a fellowship at UCLH, shares his insights on balancing medicine with property and stock investments. He discusses his journey into urology and the importance of fellowships. Randeep explores the pros and cons of property versus stock investing, emphasizing the need for financial education among doctors. He also reveals his plans for launching an aesthetics business and highlights the significance of continuous learning and networking in both medicine and business.

10 snips
Sep 30, 2025 • 34min
Ep 291: HALLOWEEN EARLY? Pension and Payroll DISASTERS
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.

Sep 25, 2025 • 44min
MDT: Footballers (and doctors) get scammed, how tax traps change behaviour and disaster for GP partners.
Discover the hidden dangers doctors and footballers face from financial scams, exemplified by the V11 scandal. Learn how current tax policies create traps for high earners, particularly those around £100,000, affecting NHS productivity. The discussion covers speculations about budget changes and their potential consequences on GP partnerships. Emphasis is placed on the importance of financial education, using vetted advisors, and the dangers of high-pressure sales tactics that promise unrealistic returns.

8 snips
Sep 23, 2025 • 36min
Ep 290: How Doctors Can Thrive: Partnerships, YouTube, and the Power of Community
Dr. Dave Hindmarsh, a GP partner and former military doctor, shares his journey from NHS to YouTube content creator. He reveals insights on managing GP partnerships effectively, drawing parallels to personal relationships. Dave also discusses financial awareness for GPs and the benefits of automating tasks with digital tools. He highlights the power of social media in enhancing patient care and how niche content on platforms like YouTube can create additional income streams, proving that a small audience can still lead to significant opportunities.

Sep 16, 2025 • 38min
Ep 289: Why you should die with zero...
In this insightful episode, Tommy welcomes Dr. Laura Naidoo, a GP from Northern Ireland, for her podcast debut to discuss the thought-provoking book 'Die With Zero' by Bill Perkins. They explore themes like living life to the fullest, spending money on experiences over accumulating wealth, and balancing financial security with adventure, especially from the perspective of medical professionals. The conversation delves into the psychological aspects of money, generational differences in financial habits, and practical tips for maximizing enjoyment and financial health throughout life. Dr. Naidoo shares personal stories and learnings, emphasizing the importance of early financial education and the impactful approach of spending in alignment with one's values and health stages.
00:00 Introduction and Book Recommendation
00:53 Guest Introduction: Dr. Laura Naidoo
01:18 Discussing 'Die With Zero'
03:49 Key Concepts from the Book
06:14 Personal Reflections on Wealth and Experiences
15:21 Impact of Background on Financial Perspectives
18:35 Challenges for Modern Medical Students
20:16 Advice for New Graduates
20:57 Balancing Spending and Saving
21:34 Concerns About Running Out of Money
21:44 The Importance of NHS Pension
23:21 Psychology of Money
24:36 Emotional vs. Logical Financial Decisions
27:28 Taking Sabbaticals and Mini-Retirements
31:11 Traveling with Kids vs. Without Kids
34:25 Summary and Recommendations for 'Die with Zero'
36:18 Final Thoughts and Course Promotion
Want the latest financial tips for doctors and exclusive invites? Join 64,000 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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Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Sep 9, 2025 • 56min
Ep 288: 6,000 doctors' finances revealed. How do yours compare?
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.

Sep 2, 2025 • 50min
Ep 287: Deep Dive into Tax Strategies: Limited Companies Explained
Steve Nichols, from Nichols Specialist Medical Accountants in London, provides expert insights specifically for medical professionals. He discusses the advantages of establishing a limited company for tax planning, emphasizing flexibility in compensation through dividends and loans. Nichols clarifies the strategic benefits of managing mortgages and navigating tax thresholds. The conversation includes tailored financial advice for physicians and the nuances of withdrawing funds tax-efficiently, all while highlighting the importance of compliance in financial planning.

Aug 26, 2025 • 1h 1min
Ep 286: Why do I need income protection as a doctor?
In this podcast episode, Tommy and Richard Heap from Medics’ Money and Abacus dive into 31 common questions about income protection and insurance that doctors frequently ask. This detailed discussion covers what income protection is, reasons to have it, and how to select the right policy for an optimal price. They discuss crucial topics including different cover types like critical illness, own occupation, deferment periods, and the implications of different coverage. The episode also addresses the importance of independent financial advice over restricted advice, and the impact of inflation on policies. Additionally, listeners learn the relevance of reviewing policies regularly, how to adjust covers as circumstances change, and the tax implications of payouts. The duo provides valuable insights and personal anecdotes, stressing the need for tailored financial protection for medical professionals.
00:00 Introduction to Income Protection and Insurance
00:32 Meet the Expert: Richard Heap
04:09 The Importance of Income Protection
09:40 Understanding Own Occupation Cover
11:23 Wealth Protection, Creation, and Preservation
14:50 Income Protection vs. Critical Illness
16:37 Navigating Sick Pay and Deferred Periods
21:16 Choosing the Right Financial Advisor
23:51 Independent vs. Restricted Advisors
26:13 Determining the Right Amount of Protection
29:46 Understanding Variations in Payouts
30:38 Tax-Free Payouts and Life Cover
31:21 Defining Incapacity in Policies
33:50 The Importance of Deferment Periods
36:32 Mental Health and Preexisting Conditions
39:51 Review Periods and Premium Adjustments
44:18 Critical Illness Definitions and Payouts
52:46 Mortgage Protection Options
59:37 Final Thoughts and Contact Information

9 snips
Aug 19, 2025 • 21min
Ep 285: Your overview of the NHS Pension.
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.

Aug 12, 2025 • 48min
Ep 284: Welcome new FY1s! Now do this.
Extra resources:
https://www.medicsmoney.co.uk/
https://www.medicsmoney.co.uk/free-guide/
https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/
https://www.medicsmoney.co.uk/what-medical-school-didnt-teach-us/
In this episode, we welcome new FY1 doctors starting their first roles in the UK and break down the complexities of the NHS payslip. Join Dr. Ed Cantelo, a GP, chartered accountant, and tax advisor, along with Dr. Cyra Mackintosh, also a doctor and accountant, as they explore the various elements of a payslip, offer insights on tax codes, and share personal anecdotes from their early medical careers. This comprehensive guide aims to help new and established doctors understand their compensation better, manage professional expenses, and claim tax relief efficiently. Tune in for practical advice and real-life examples from healthcare professionals who have navigated the NHS payslip system.
00:00 Welcome New FY1 Doctors!
01:29 Meet the Hosts: Ed and Cyra
02:49 Navigating Your First Payslip
04:07 Understanding NHS Pay Structure
04:38 Breaking Down the Payslip Components
07:01 Tax Codes and National Insurance Explained
16:21 NHS Pension Insights
24:19 Claiming Tax Relief on Professional Expenses
25:24 Understanding the Tax Year
26:09 Setting Up a Personal Tax Account
27:43 Making Your Tax Relief Claim
28:48 Common Tax Issues and Solutions
31:52 Emergency Tax Codes Explained
44:18 Resources for Checking Payslips
47:23 Conclusion and Final Tips
Want the latest financial tips for doctors and exclusive invites? Join 64,000 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/
Follow us on Instagram
Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.