Medics Money podcast

Mortgages for doctors - we tell you how to get the best deal.  How much can you borrow? Why your bank many not be the best place to get a mortgage Why you should clean up your outgoings before applying for a mortgage. With medics specifically, how do lenders treat additional (non-basic) pay? What deductions are taken into account by lenders? And how does this affect the agreed lending? With medics, how are lenders dealing with employed and self employed locums? What about newly self employed GP's working as a partner in a practice? First time buyers?  How has covid affected mortgage lending?  Protection and insurances we discuss and recommend as part of the mortgage process. Contact Rob and Mike here https://www.medicsmoney.co.uk/accountant/medical-general-mortgages/ YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney  

Todays episode we give you a quick summary of the latest NHS Pension issues. We talk about McCloud and what you need to do about it The REALLY important deadline approaching 3 pension checks ALL doctors can do themselves Salary sacrifice tax trap with cars Details of AA compensation scheme here https://www.england.nhs.uk/pensions/   Rachaels details   https://www.medicsmoney.co.uk/accountant/sandringham-medical/    

Want to start private practice but don't know where to start? This episode is for you as Mr Giles Davies tells us how he can help you to get started in Private Practice today. Get a 25% discount on the Private Practice Pro course today  https://www.privatepracticepro.co.uk/medicsmoney   Join the free 25 minute taster webinar to learn, 1. Where you should work 2. How to get practising privileges quickly 3. How to get started in private practice cheaply 4. How to market yourself for free 5. How to drive patient enquiries into booking Join here https://www.privatepracticepro.co.uk/medicsmoney   This is a sponsored episode. Transparency is important to us. Private Practice Pro  support the free information Medics’ Money provides, such as our podcast, blog and guides, by paying us a small introducer fee. We only ever recommend products or services that we believe in, have vetted or have used personally ourselves. Our FAQ’s explain how Medics’ Money is funded and we encourage you to read this. 🙂  

Resources in todays episode  https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/ https://www.medicsmoney.co.uk/ebook/ Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney

Todays episode we talk about Wills. We find out how Tommy finally got around to arranging his will. Talbots Law are Medics' Money approved solicitors and Medics' Money podcast listeners can book a free consultation with them here https://www.medicsmoney.co.uk/will-writing-service-for-medical-professionals/ Why make a will? Why use a Solicitor (rather than a Will Writer or even a WHSmith template\home will)? What are the key things to consider when making your will? How do different personal circumstances change the requirements of a will? What are the issues and problems of not having a will? Is there anything else that clients should be thinking about when making their will? Transparency is important to us. Talbots law support the free podcast Medics’ Money provides by paying us a small fee. We only ever recommend products or services that we believe in, have vetted or have used personally ourselves. Our FAQ’s explain how Medics’ Money is funded and we encourage you to read this. 🙂 Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney  

Slightly different episode as we talk to Dr Dom Pimenta about the amazing work the Healthcare Workers Foundation has been doing during the pandemic.  If you are a healthcare worker in need of support please check them out here https://healthcareworkersfoundation.org Over 850 healthcare workers have died as a result of Covid-19 and extra support is available to them here families@healthcareworkersfoundation.org  

How can GP Partners get the best deal on a premises loan?  By listening to this podcast and reading this article.  https://www.medicsmoney.co.uk/premises-loan-finance-ten-things-to-consider/ We talk about the importance of using Independent whole of market brokers.  Ian tells us why your own bank may not be the best place to get a good deal. This is a sponsored episode. Transparency is important to us. Ian Crompton and Primary Care Finance support the free information Medics’ Money provides, such as our podcast, blog and guides, by paying us a small introducer fee. We only ever recommend products or services that we believe in, have vetted or have used personally ourselves. Our FAQ’s explain how Medics’ Money is funded and we encourage you to read this. 🙂 Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney  

Do private consultants need to charge VAT?  Todays episode started with a simple question from a podcast listener but escalated quickly into a discussion about Annual allowance pension tax charges Marginal tax rates Use of Limited Companies IR35 Income protection Wills and POA Pensions tax trap with salary sacrifice It's a bumper episode, split into two parts.  The accountant featured today is Andy Pow and you can contact him here https://www.medicsmoney.co.uk/accountant/mazars-llp/ The IFA is Nick Nesbitt and you can contact him here https://www.medicsmoney.co.uk/accountant/mazars-financial-planning/ Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney  

Do private consultants need to charge VAT?  Todays episode started with a simple question from a podcast listener but escalated quickly into a discussion about Annual allowance pension tax charges Marginal tax rates Use of Limited Companies IR35 Income protection Wills and POA It's a bumper episode, split into two parts.  The accountant featured today is Andy Pow and you can contact him here https://www.medicsmoney.co.uk/accountant/mazars-llp/ The IFA is Nick Nesbitt and you can contact him here https://www.medicsmoney.co.uk/accountant/mazars-financial-planning/ Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney  

Listeners questions Today we answer listeners questions on everything from the problem with Facebook financial advice to whether you need to claim tax rebates each year. Keep the questions coming and we will answer as many of them as we can. Want to stay up to date with the latest financial information for doctors? Join 24,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney