Latest medical accounting info and tips from our medical accountant blog

Google Rating

5.0

Based on 39 reviews

Medics Money

5.0

Krishan Patel

12:08 24 May 21

Karanvir Singh

12:35 04 Apr 21

Fantastic podcast full of useful information, would recommend to any medics

Mubashir Siddiqui

20:50 20 Mar 21

Great website for medical professional looking to gain financial literacy!

nathan banda

06:49 23 Jan 21

kauserjan shaik

07:19 19 Jan 21

Aimed at medics, they offer sensible advice relating to issues medics face. Even a complete novice like me understood the financial principles, thanks to their presentations which are easy to understand. Best of all, they have podcasts which I can listen to on my walks.I think every medic should listen to them at-least once.

Aslam Khan

18:50 30 Nov 20

Very good

Niranjan Patel

16:07 17 Nov 20

Nene Nyemi-Tei

14:25 10 Nov 20

Used their advice to claims tax rebated for the past 3 years since I qualified as a doctors. Literally hundreds of pound from HRMC. Would recommend to an UK doctor. Great guides and great easy to follow advice

Ahmed Sulieman

11:10 05 Sep 20

Ben Woodward

15:53 25 Jun 20

Still in the early stages of dealing with the financial advisor appointed to me by Medics Money, but so far so good. The Medics Money team themselves have been excellent - very swift with replies and always extremely helpful and pleasant. Keep up the good work.

Bea

08:59 13 Jun 20

Really helpful service, great resources for understanding finances at no cost. Responded to a question I sent very quickly and with a thoroughly explained answer.

Deepak Sharma

16:19 26 May 20

DR PRADEEP KUMAR

16:13 07 May 20

You guys have stepped up beyond the calling of medicine and healthcare to provide a niche service which can meet the unspoken needs of Doctors and GPs, also GP trainees like me! Wish you the best!!

Ayodeji Omosebi

12:08 07 May 20

imraan umar

21:51 03 May 20

Saved me a tone.... every dr in training should read this.

Sarah Manohar

08:11 03 May 20

Found the information the had really helpful. Loads of information and amazing communication. :)

Charlotte G

07:21 03 May 20

Seren Peters

19:32 30 Apr 20

Really helpful guidance, all provided free. Thank you!

Chris Howe

00:45 03 Mar 20

A kind and supportive organisation that helps medics navigate their way through the labyrinth of financial decisions that they have to make throughout their careers.

Adrian Stallwood

14:50 22 Jan 20

Fantastic, prompt and efficient service, run by doctors who understand the issues and know what's required. I was put in touch with an expert IFA within 24 hours which cam me the confidence I needed to make an informed decision regarding my annual allowance charge. Highly recommended, have already informed colleagues

Roger Sepping

16:40 21 Jan 20

Mohamad Zeina

15:39 08 Dec 19

Imran Khan

09:18 30 Nov 19

Fantastic service

E B

08:44 30 Nov 19

Used their great guide to file tax rebate for professional expenses. Really love what theyre doing. Thanks.

Ross S

09:16 12 Nov 19

I used their clear and concise guides to registering an account with HMRC and submitting a form for rebate. Very easy to navigate with the guides and took a lot of the stress out of the process. I would highly recommend for anyone with the need to submit requests for rebate - saved me a significant amount of time

Tiago Ivo

16:07 06 Oct 19

Great website, a real important resource for all medics

The MDM

11:58 11 Sep 19

Amy Kelly

10:33 27 Aug 19

Sudesna Chatterjee

20:39 30 Jul 19

I have found Medics Money to be very helpful in identifying suitable medical accountancy firms who can provide expert information on my complex financial needs. The website is easy to navigate and has lots of useful information which instils confidence. I was contacted very promptly by one of the recommended firms who gave me some important advice on NHS Pensions. I am still waiting to hear from the accountants but I understand that this is a very busy period for them with lots of interest from doctors based on the new pension rules. Tom contacted me early on to ensure I was happy with the service provided which was reassuring and indicates how serious he is in helping medics to better their financial situation. Thanks for setting up your website. I really appreciate it.

Nasra Alam

15:13 25 Jul 19

Tommy and Ed were fantastic. Very prompt with their responses and gave very detailed advice.

Eleanor Stone

09:33 20 Jul 19

Really helpful advice, speedy responses and gave me details of a suitable accountancy service which I have now registered with. Perfect how-to guides which enabled a novice to claim back some tax!

Theo Malthouse

18:21 09 Sep 18

Freddie Green

09:16 06 Aug 18

Alex Moncayo

10:16 11 May 18

Excellent customer service, fast communication and clear replies, I would recommend them to all doctors and nurses and allied health professionals who want to get a good rebate without complications

Richard Sutcliffe

07:54 02 Feb 18

Really helpful thanks for your assistance

Eleanor Lee

19:44 12 Dec 17

Professional, helpful and reliable. They went above and beyond to help my case and responded quickly to queries. Highly recommend them to my colleagues.

Steve Phillips

14:39 15 Nov 17

Fantastic service. Hassle free. Rebate came through very quickly. Excellent communication throughout.

Jan Klepacki

20:16 06 Oct 17

Excellent and professional team. They saved me many potential headaches!

Paul Sampson

07:37 20 Jul 17

Great company. Saved me lots of money. Much quicker than I was expecting too.

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Protected: The latest NHS Pension thresholds and deadlines

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Judges, Firefighters and the impact on the NHS Pension – McCloud and Sargeant

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, […]

NHS Pension Scheme pays deadline extended

Tags: GP, Consultant, GPST1-3, GP Locum

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. […]

NHS pension tax and COVID-19

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 […]

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

Tags: GP, Consultant, F1-F2, CT1-2, ST 1-2, ST 3-7+, Staff Grade, Clinical Fellow

In the March 2020 budget, the government announced the threshold income was rising to £200,000 and adjusted income to £240,000 along with some other changes. We will update this article very soon. Much of it remains relevant, taking into account the new limits. To be notified of the updated article join Medics’ Money here https://www.medicsmoney.co.uk/join-medics-money/ […]

Independent Financial Advisor IFA doctors

Independant financial advisers ( IFA ) for doctors

Tags: GP, Consultant, F1-F2, CT1-2, ST 1-2, ST 3-7+, Staff Grade, Clinical Fellow, GPST1-3

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 […]

Should I opt out and leave the NHS pension scheme?

Tags: GP, Consultant, F1-F2, CT1-2, ST 1-2, ST 3-7+, Staff Grade, Clinical Fellow, GPST1-3

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. Medics’ Money is run by doctors for doctors and we asked, Paul Gilman from specialist Independent Financial Advisers Legal and Medical to outline some things […]

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

Tags: GP, Consultant, ST 3-7+, Staff Grade, GP Locum

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 […]

NHS pension alternative options – ISA, VCT and childrens pensions

Tags: GP, Consultant, Staff Grade, Clinical Fellow, GP Locum

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 […]

NHS Pension statement and annual allowance tax charge

Tags: GP, Consultant, Staff Grade, Clinical Fellow, GP Locum

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 […]

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