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
Feb 2, 2021 • 33min
Ep 28 When doctors get sick, who pays the bills?
If you get sick and can't work how would you pay your bills? How much sick pay do doctors get? Can doctors still get protection during the Covid-19 pandemic?
You've worked hard to become a doctor and that is a valuable asset you need to protect. I don't insure anything that I can afford to replace. I don't insure my phone, my bikes or even my beloved surfboards. But I DO insure mine and my families financial future and unless you could afford your current lifestyle without your income your need to think about it.
Contact Paul for a free consultation here
https://www.medicsmoney.co.uk/accountant/legal-medical-investments-ltd/
Our ebook has a whole chapter on protection and you can download your copy here
https://www.medicsmoney.co.uk/ebook/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 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
Jan 25, 2021 • 1h 7min
Ep - 27 Pensions royalty with Sir Steve Webb and Rachael Hall
Pensions royalty with Sir Steve Webb and Rachael Hall discussing,
Why the government introduced the Tapered Annual allowance that has resulted in punitive tax bills for so many doctors?
Did the government foresee the impact of the Tapered Annual allowance on the hard working staff of the NHS?
How earning £5,000 cost one Consultant £13,500 ie PAYING to go to work.
Whether the AA compensation scheme introduced for the 19/20 tax year should be extended to 20/21 to prevent those of us working long hours on the front line of the pandemic from receiving a pensions tax charge.
What is auto enrolment, pensions freedoms and if your Mum drew her state pension prior to 2016 here’s is some important information for her
Contact Rachael here
https://www.medicsmoney.co.uk/accountant/sandringham-medical/
Use LCP Pension calculator here
www.lcp.uk.com/underpaid
Jan 19, 2021 • 15min
Ep 26 - We’re going AWOL. And 3 books all doctors need to read to improve their finances
Slightly different episode this week as we give some of the best books to improve your finances. You can view the recommended books here
https://www.medicsmoney.co.uk/recommended-reading-for-doctors/
Ebook download
https://www.medicsmoney.co.uk/ebook/
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
Jan 13, 2021 • 26min
Ep 25 Using a Limited company to save tax and invest to retire early.
A case study of how one Medics' Money doctor used a limited company to save tax and invest for the future.
Contact Guy Roper here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 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
Jan 5, 2021 • 27min
Ep 24 - Final Pay Controls - the stealth pensions tax that no one knows about.
Final Pay Controls. If thats the first time you've heard those words then this episode is for you. Now, if you've listened to our previous episodes on Pensions tax you know about the problems about Annual Allowance and punitive pensions taxation for doctors. But not many people are aware of Final Pay Controls. Thankfully it applies to a niche subset of people but we hear how Final Pay Controls generated a tax bill of £200,000 and £500,000!
Contact Andy here
https://www.medicsmoney.co.uk/accountant/mazars-llp/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 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
Jan 2, 2021 • 25min
Ep 23- Should trainees have to sell their car to pay for exams? How can we make training as a doctor cheaper?
Mr Usman Ahmed is an Orthopaedics consultant who was told to sell his car to fund his training.
Instead, Usman transformed his finances and now helps trainees to do the same using his innovative virtual learning environment. Not only does this provide traditional medical education and training, but also includes information on wellbeing and finances.
Want to stay up to date with the latest financial information for doctors?
Join 21,000 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
Dec 29, 2020 • 39min
Ep 22 Christmas quiz answers
The answers to last weeks Christmas quiz to test your financial knowledge.
Want to stay up to date with the latest financial information for doctors?
Join 22,500 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
Dec 22, 2020 • 21min
Ep - 21 Christmas Quiz - test your financial knowledge
A Christmas quiz to test your financial knowledge.
Also lockdown surfing.
The worst Xmas On-call rota ever and more tax trivia.
Want to stay up to date with the latest financial information for doctors?
Join 21,000 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
Dec 15, 2020 • 38min
Ep - 20 HOW MUCH!!££££ do Australian doctors get paid. Whats life like down under for doctors?
How much do doctors in Australia get paid?
What's it like for a UK trained doctor working down under?
How hard do Australian doctors work?
Whats the tax, cost of living and pension like in Australia.
What are the downsides to working in Australia.
Something a little different this week, as we catch up with Dr Sam Gluck who trained with Tommy in F1 and then went for a 1 year trip to Australia. That was over 10 years ago now. Find out why Sams not coming back.
Feeling sick after hearing how much Australian doctors earn? Let us help you make the most of your UK salary.
Join 21,000 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
Dec 8, 2020 • 26min
Ep 19- Do doctors pay tax on Cremation form income? Are medical exams harder than accountancy exams?
Do doctors need to pay tax on Cremation form income?
We also discuss whether accountancy exams are harder than medical school exams?
Eds now legendary tax trivia segment explains why the phrase "burning the candle at both ends" actually originates from some historical tax legislation
The blog that accompanies this episode is here
https://www.medicsmoney.co.uk/crem-form-as-cash-tax-doctors/
Want to stay up to date with the latest financial information for doctors?
Join 21,000 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
