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What can doctors claim tax back on?

Junior doctors can claim tax back on GMC, BMA, MDU, MPS, Royal college and examination expenses amongst other professional expenses, reducing the costs by up to 40%. But many of us doctors aren’t sure what you can claim, how to claim and how many years previous you can claim for. Medics’ Money is run by Dr […]

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Do I need a specialist medical accountant

Do I need a specialist medical accountant? by Dr Ed Cantelo GP Trainee, Chartered Accountant Chartered Tax Advisor As doctors, it’s usually a case of when, not if, we will need an accountant. But how can you tell when you would benefit from some advice? As a Doctor but also a Chartered Accountant and Chartered […]

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Income protection – how and why I took it out.

Do I really need income protection, critical illness or life insurance? Isn’t it expensive? Ultimately it’s a personal decision, which needs to be informed by consulting a good IFA and doing your own research. But after many years without any insurance, here’s why I decided to consult a Medics’ Money approved IFA to see what […]

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