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Medics Money podcast

Latest episodes

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Mar 5, 2024 • 13min

Ep 201: £££ Thousands back from tax rebates

Discover how doctors can claim substantial tax rebates on expenses like GMC fees, professional exams, indemnity costs, and more. Get expert advice on reclaiming tax rebates efficiently and learn about the process, eligible expenses, and deadlines for maximizing tax relief. Explore the benefits of specialist medical accountants and the importance of proper documentation for claims.
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Feb 27, 2024 • 17min

Ep 200: Back 2(00) the Future!

Exploring the inception and growth of the Medic's Money Podcast, reflecting on impactful episodes and financial tips, discussing the benefits of Lifetime ISA and NHS pension contributions, insights into UK Inheritance Tax and tax planning strategies for healthcare professionals.
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Feb 20, 2024 • 47min

Ep 199: 1m Downloads - Medics' Money Podcast Story

Exploring the success of a podcast aiding doctors in financial management. Discussing challenges in monetizing content and providing tailored financial advice for healthcare professionals. Debating free vs paid information and addressing the psychological aspect of money management in healthcare.
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Feb 13, 2024 • 56min

Ep 198: How risky are your investments?

This podcast discusses investment risk and covers topics such as risk assessments, active vs. passive investment strategies, risk profiling, fees and advice in financial planning, the role of bonds in portfolios, long-term investing challenges, and investing with data and fees for long-term success.
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Feb 6, 2024 • 44min

Ep 197: Limited Companies 2024 Masterclass

Tommy and Steve from Nichols & Co talk about limited companies for tax savings, including income-spreading strategies and the myth of tax efficiency. They discuss the importance of understanding salary limits, maximizing state pension benefits, and checking National Insurance record. They also mention the benefits of having a paper round job in youth for NI record and touch on taking a salary and its ancillary benefits.
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Jan 30, 2024 • 33min

Ep 196: 89% of GPs are missing out on notional rent. BW Healthcare surveyors explain.

Tommy and Will Ellis from BW Healthcare Surveyors sit down today to talk about GP premises and why you might need a surveyor.  Get in touch with Will - will.ellis@bwhsurveyors.co.uk https://bwhsurveyors.co.uk/ Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 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 Music credit: MetzMusic on YouTube.
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Jan 23, 2024 • 44min

Ep 195: Follow your wealth roadmap.

The podcast discusses wealth building strategies such as minimizing taxes, understanding investments, and comparing pensions to ISAs. It offers tips on NHS pensions and common questions related to wealth building. The Medics Money GP Partnership course is promoted, along with a discussion on tax rates and work-life balance. It emphasizes valuing time, budgeting for taxes, and staying organized. The concept of opportunity cost in subscriptions is explored, as well as cash flow modeling and investment options.
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Jan 16, 2024 • 27min

Ep 194: CRITICAL NHS PENSION MCCLOUD UPDATE

Exploring the latest updates on the McLeod remedy in the NHS pension system, discussing the complexities and implications for members. Highlights include understanding pension changes, navigating financial advice for NHS workers, and the impact of the McCloud case on pension scheme members.
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Jan 9, 2024 • 34min

Ep 193: Why Female doctors are financially disadvantaged

Dr Cyra Mackintosh joins Tommy to explore the persistent gender pay gap in modern medicine.  Submit one thing you’ve learned from the Medics’ Money Podcast HERE —> www.medicsmoney.co.uk/1million Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 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 Music credit: MetzMusic on YouTube.
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Jan 2, 2024 • 48min

Ep 192: 16 resolutions to make you wealthy in 2024

Find your Financial Early Warning Score: https://www.medicsmoney.co.uk/  In this episode, Tommy and Ed unveil a new financial score tool that helps you assess your financial health and set New Year's resolutions. The episode covers various topics, including the importance of saving and controlling spending, paying down bad debts, protecting finances, investing for wealth accumulation, maximizing tax efficiency, and organizing finances. We emphasize the need to take action and overcome financial worries to achieve financial goals. In this conversation, Tommy and Ed discusse the importance of organizing financial records and setting new year's resolutions. He shares his experience with the Help to Buy loan scheme and his goal of paying off debt. Tommy also talks about his resolution to get fit and the challenges he faced due to an injury. He discusses his investment strategy and the possibility of transferring his cash LISA to a stocks and shares LISA.   Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 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 Follow us on Instagram https://www.instagram.com/medicsmoney

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