fbpx

Specialist medical accounting blog

Mortgages for doctors – 8 tips including for locum doctors, self employed doctors, GP and other medical professionals.

Tags: , , , , , , ,

Mortgages for doctors. Sometimes its 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 Independent Financial […]

Read more

NHS pension tax charges. Are you affected by annual allowance, tapered annual allowance and how to calculate your threshold and adjusted income?

Tags: , , , , , , ,

The NHS pensions crisis affecting hardworking NHS doctors has been well publicised recently. What is the annual allowance, tapered annual allowance and why are threshold income, adjusted income and scheme pays important for all doctors to  understand? Not sure if you are likely to be affected or think you are safe because you earn <£110,000 […]

Read more

Independant financial advisers ( IFA ) for doctors

Tags: , , , , , , , ,

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. Here are 6 important things to consider. Choose an […]

Read more

Should I opt out and leave the NHS pension scheme ?

Tags: , , , , , , , ,

Here at Medics’ Money we are aware of colleagues that opt out and leave the NHS pension scheme, often without being fully informed of the risks and benefits of doing so. Here, Paul Gilman from specialist Independent Financial Advisers Legal and Medical outlines some things to consider. NHS staff are leaving the NHS Pension Scheme […]

Read more

NHS Pension tax problem – do I need an accountant or IFA?

Tags: , , , ,

Do I need an accountant or IFA to deal with NHS pension problems?  It’s the time of year when those little letters from NHS pensions are landing on doctors’ doormats. If you receive a letter, it probably says you exceeded the pensions annual allowance in the 2018/19 tax year, and it’s an indication that you […]

Read more

NHS pension alternative options – ISA, VCT and childrens pensions

Tags: , , , ,

With the seemingly ever-reducing lifetime and annual pension allowances, there has never been a more important time for doctors to look at alternative ways to save for retirement outside of the NHS Pension Scheme. Many of us are looking down the barrel of our ‘normal retirement age’ being 67. A chilling thought. One that drops […]

Read more

NHS Pension statement and annual allowance tax charge

Tags: , , , ,

The Annual Allowance Maze  You will have read numerous articles about the challenges posed by the Annual Allowance and specifically the introduction in the 2016/17 tax-year of tapering of this allowance.  As a reminder, the allowance can fall as low as £10,000 for Consultants and GPs with Threshold Income over £110,000 – this income includes […]

Read more

Financial advisers for doctors

Tags: , , , , , , , , ,

When it comes to setting yourself up for a healthy financial future, working with a financial adviser might be your best bet. Most doctors and other medical professionals are too busy being experts on medicine to take on financial planning on their own, so why not partner with financial specialists who know and understand the […]

Read more

Mortgages for doctors – benefits of a broker

Tags: , , , , , , , , , ,

Real Benefits of Working with a Specialist Medical Mortgage Broker The mortgage market is extremely competitive. It can be hard to unravel mortgage jargon to understand exactly what certain offers mean. There are a great deal of different providers and an extensive range of products and rates available. General advice given to property buyers is […]

Read more

Is property still a good investment for doctors?

Tags: , , , , , ,

Is property still a good investment for doctors? What alternatives are there? Medics’ Money sat down with Darren from Dental and Medical to find out. You can contact Darren for a no obligation consultation via Medics’ Money here or you can find you nearest Medics’ Money recommended IFA here A solid investment plan is the foundation […]

Read more