10 financial tips for Consultants (and most other doctors)

Back with a bang after a hiatus. The most action packed episode ever? Certainly the most amount of links ever……

Tip 1 – Pay  the  correct amount  of  tax and  be  aware  of the marginal rate of 60% between £100,000 and £125,000

https://www.medicsmoney.co.uk/tax-thresholds-doctors/

https://www.medicsmoney.co.uk/ep-2-how-to-claim-a-tax-rebate-and-reduce-your-tax-bill/

https://www.medicsmoney.co.uk/ep-4-how-to-correct-your-tax-code/

Tip 2 – Keep your paperwork. P60, P45, TRS and payslips

https://www.medicsmoney.co.uk/doctors-pay-slip/

https://www.totalrewardstatements.nhs.uk

Tip 3 – 3 pension checks that all doctors need to make

https://www.totalrewardstatements.nhs.uk

https://www.nhsbsa.nhs.uk/nhs-pensions

Tip 4 – Spend less than you earn

https://www.medicsmoney.co.uk/ebook/

Tip 5 – Protection

https://www.medicsmoney.co.uk/nhs-pension-ill-health-death-in-service/

Tommys biggest? financial mistake

https://www.medicsmoney.co.uk/income-protection-tom/

Finding a good IFA

https://www.medicsmoney.co.uk/independant-financial-advisers-ifa-for-doctors/

Tip 6 – Investing

Podcast

https://www.medicsmoney.co.uk/ep-16-earn-while-you-sleep-investing-for-doctors/

Webinar

https://youtu.be/AkN6-0B3jcM

Tip 7 – Lifestyle creep

https://www.medicsmoney.co.uk/ebook/

Tip 8 – Wills and inheritance tax

Tip 9 – Get a financial plan

https://www.medicsmoney.co.uk/ep-6-why-all-doctors-need-a-financial-plan/

Tip 10 – How to find good advice for the right price?

What does a good accountant look like?

https://www.medicsmoney.co.uk/accountants-for-doctors-how-do-i-find-a-good-medical-accountant/

What does a good financial adviser look like?

https://www.medicsmoney.co.uk/independant-financial-advisers-ifa-for-doctors/