A series of legal cases brought by Firefighters and Judges has big ramifications for doctors with an NHS pension. We asked specialist medical IFA Rachael Hall to give us the details. Prefer to listen to this information then check out our podcast. What is the problem? When the government introduced the 2015 NHS Pensions scheme, […]
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Achieving financial freedom is a way to reduce stress and revive your passion for your vocation. Learn about financial freedom and how you can get out of the pit and start truly earning.
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Annual allowance tax charges and COVID-19 in the NHS Pension Scheme Due to the current situation with COVID-19, we have seen a number of our clients opting back in to the NHS Pension Scheme. This is primarily because there are enhanced death in service benefits that active members receive, morbid as it may sound, and […]
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“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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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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The Taxation of Cremation Form Income by Dr Ed Cantelo GP, Chartered Accountant and Tax adviser. Medics’ Money co-founder. Received a few cheques from completing cremation forms (ash cash) and not sure what to do regarding tax? Wondering if you need to tell HM Revenue and Customs (“HMRC”) or how? In this blog Ed tells […]
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Accountants for doctors – how do I find a good medical accountant? by Dr Ed Cantelo GP Trainee, Chartered Accountant Chartered Tax Advisor As a Doctor, Chartered Accountant and Chartered tax advisor, I often see colleagues who are paying too much tax as a result of making mistakes themselves or using non-specialist accountants. We built […]
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Mortgages for doctors. Sometimes it’s tricky to get a mortgage for doctors, especially if you are a locum doctor or self employed doctor. What can you do to improve your credit score and clean up your outgoings? How many years accounts do you need? How much deposit do you need? We asked specialist medical mortgage […]
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Independent financial advisers for doctors (IFA) – how do I find a good IFA? Choosing an Independent Financial Adviser that specialises in advising NHS doctors and surgeons on NHS pension, life insurance and protection for doctors and investment advice for doctors and surgeons can be difficult. Medics’ Money was built by doctors to help doctors […]
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Is your doctors tax code correct? by Dr Ed Cantelo GP Trainee, Chartered Accountant and Chartered Tax Advisor Understanding your doctors tax code Your tax code is calculated by HM Revenue and Customs or “HMRC” and is used by your trust’s payroll to determine how much income tax you should pay. In the first […]
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