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Specialist medical accounting blog

Recommended reading for doctors

Here’s some of our favourite books to help doctors make better financial decisions. The Millionaire Next Door – Thomas J Stanley Don’t be put off by the fact this book was originally published in 1996, or written for an American audience, or has some slightly uncomfortable gender stereotypes in it (all the millionaires are men).  […]

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What is income protection insurance and why do you need it?

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How would you survive if your income suddenly stopped due to long term illness and you couldn’t work again for several years or perhaps never return to work?

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NHS Pension Scheme pays deadline extended

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NHS Scheme Pays – a recap From April 2016 the annual allowance (AA) was tapered for individuals whose ‘adjusted income’ was over £150,000 at a rate of £1 for every £2 over the threshold to a minimum AA of £10,000. The tapered annual allowance (TAA) calculation only applied if your ‘Threshold Income’ was over £110,000. […]

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Retirement planning for doctors

Retirement planning for doctors  In the UK today, the average life expectancy for a man is 79.3, increasing to 82.9 for a woman (ons.gov.uk).  Not a shock to anyone, but what is surprising is the short amount of time given in deciding how you draw your NHS pension benefits and if it really fits in […]

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The FIRE training doctors actually need

FIRE training for doctors If FIRE training triggers thoughts of mandatory FIRE safety training, you’ll be relieved to hear I’m NOT about to patronise you on whether to use the powder or water extinguisher on an electrical fire. The FIRE I want to tell you about is Financial Independence Retire Early.  Since I wrote my ebook where I shared that I will NOT be […]

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What medical school didn’t teach us about money

“What medical school didn’t teach us about money” was released in June 2020 and was downloaded by 4,500 doctors in the first month. It gives doctors a step by step plan to transforming your financial future. Enter your details to download your copy now Here’s a preview of what to expect from your free copy of […]

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Buying a cheap Tesla for doctors

How to buy a “cheap” Tesla. The taxation of fully electric company cars like Tesla are very favourable. We asked specialist medical accountants Moore and Smalley to give us more information on how this might help doctors to buy a cheap Tesla. As motorists, our growing demand for reduced costs and greater efficiency coupled with increased […]

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Criticism and praise for “What medical school didn’t teach us about money”

Here’s some criticism and praise doctors sent us after reading “What medical school didn’t teach us about money” If you want to read the book again the link is here https://www.medicsmoney.co.uk/ebookfull/ “Every doctor needs to read this” I agree. The sooner you read it, the sooner you can make the changes that will allow you to […]

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Why two doctors started Medics’ Money

Who are Medics’ Money? Medics’ Money is a doctor led organisation that empowers doctors to make better financial decisions. Over 14,000 doctors subscribe to our free financial CPD for doctors and recently, 995 doctors attended our webinar on the NHS pension. We have also helped over 1000 doctors to find the best specialist medical accountants and […]

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5 reasons for doctors not to panic about investments

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In recent weeks, the news has reported significant volatility in world stock markets. Mid-March saw both the FTSE 100 and Dow Jones experience their biggest one-day fall since 1987 before the Dow Jones then experienced its biggest weekly rise in more than 45 years. During periods of turmoil, it’s natural that you may be worried […]

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