fbpx

Specialist medical accounting blog

Ep 32 Does a Limited company actually save you tax?

Should doctors and dentists use a limited company to save tax? It’s one of the most common questions we get asked on Medics’ Money. We talk about who can benefit and why. We also talk about how favourable BIK rates can make buying a fully electric car like a TESLA cheaper. Calculations relevant to the podcast […]

Read more

Tax reducers for high rollers ££££

Tax reducers for high rollers including discussion around Venture Capital Trusts and  Enterprise Investment Scheme. Join 24,000 doctors receiving free financial CPD like this by downloading our ebook https://www.medicsmoney.co.uk/ebook/   Subscribe to the Medics Money podcast here   Apple – http://tiny.cc/MMapple   Spotify – http://tiny.cc/MMspot   Google – http://tiny.cc/MMandroid

Read more

10 financial tips for Consultants (and most other doctors and dentists)

10 financial tips for Consultants (and most other doctors) Back with a bang after a hiatus. The most action packed episode ever? Certainly the most amount of links ever…… Tip 1 – Pay  the  correct amount  of  tax and  be  aware  of the marginal rate of 60% between £100,000 and £125,000 https://www.medicsmoney.co.uk/tax-thresholds-doctors/ https://www.medicsmoney.co.uk/ep-2-how-to-claim-a-tax-rebate-and-reduce-your-tax-bill/ https://www.medicsmoney.co.uk/ep-4-how-to-correct-your-tax-code/ Tip […]

Read more

Ep 29 Important NHS Pension deadline approaching…….

There are some important NHS pension changes and deadlines to be aware of. We asked George Crowe, specialist medical accountant to give us a summary. What are the changes to the tapering of the annual allowance that were announced in the 2020 budget? From 16/17 to 19/20 if threshold income exceeded £110,000 and adjusted income […]

Read more

Ep 28 When doctors get sick, who pays the bills?

If you get sick and can’t work how would you pay your bills? How much sick pay do doctors get? Can doctors still get protection during the Covid-19 pandemic? You’ve worked hard to become a doctor and that is a valuable asset you need to protect. I don’t insure anything that I can afford to replace. […]

Read more

Ep – 27 Pensions royalty with Sir Steve Webb and Rachael Hall

Pensions royalty with Sir Steve Webb and Rachael Hall discussing, Why the government introduced  the Tapered Annual allowance that has resulted in punitive tax bills for so many doctors? Did the government foresee the impact of the Tapered Annual allowance on the hard working staff of the NHS? How earning £5,000 cost one Consultant £13,500 […]

Read more

Ep 26 – We’re going AWOL. And 3 books all doctors need to read to improve their finances

Slightly different episode this week as we give some of the best books to improve your finances. You can view the recommended books here https://www.medicsmoney.co.uk/recommended-reading-for-doctors/ Ebook download https://www.medicsmoney.co.uk/ebook/ Want to stay up to date with the latest financial information for doctors? Join 24,000 doctors receiving free financial CPD via email by downloading our free ebook […]

Read more

Ep 25 Using a Limited company to save tax and invest to retire early.

A case study of how one Medics’ Money doctor used a limited company to save tax and invest for the future. Contact Guy Roper here https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/ Want to stay up to date with the latest financial information for doctors? Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ […]

Read more

Ep 24 Using a Limited company to save tax and invest to retire early.

A case study of how one Medics’ Money doctor used a limited company to save tax and invest for the future. Contact Guy Roper here https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/ Want to stay up to date with the latest financial information for doctors? Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ […]

Read more

Ep 23 – Final Pay Controls – the stealth pensions tax that no one knows about.

Final Pay Controls. If thats the first time you’ve heard those words then this episode is for you. Now, if you’ve listened to our previous episodes on Pensions tax you know about the problems about Annual Allowance and punitive pensions taxation for doctors. But not many people are aware of Final Pay Controls. Thankfully it […]

Read more