Specialist medical accounting blog

Investment strategy and overview for doctors and surgeons

When I was an F1, with huge debts to repay, a house deposit to save for and seemingly endless postgraduate exams to pay for, the idea of investment was a long way off. However, very quickly I now have kids futures to plan for and a little spare cash to think about investing. So I […]

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The NHS pension crisis – some possible solutions?

The NHS pensions tax crisis –  What changes could be made to the pension to help hard working doctors receiving tax bills as a result of annual allowance and tapered annual allowance charges? Medics’ Money asked specialist Independent Financial Adviser Max Spurgeon, from Legal and Medical what changes could help. You can book a free […]

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Investment planning for doctors

Medics’ Money asked specialist medical Independent Financial adviser Darren Scott-Guinness from Dental and Medical Financial Services to give us a summary of investment planning for doctors. You can contact Darren using Medics’ Money here for a free no obligation consultation. Investment planning can seem daunting and complicated as there is so much to take into consideration. Do […]

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Tax saving tips for doctors – 5 tips to increase doctors pay.

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Tax saving tips for doctors – 5 tips to increase doctors pay. by Dr Tommy Perkins, GP and Medics’ Money founder With doctors pay falling by up to 30% in real terms over the last decade*, an often overlooked way to increase your take home pay is by working tax efficiently. Ed, Medics’ Moneys Chartered […]

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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 cost by up to 40%. Our free step by step guide allows most doctors to claim themselves, online for free. What can junior doctors claim tax rebates on? The most important point is that […]

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7 top tips on investment advice for doctors

You’ve got onto the property ladder, have an NHS pension scheme, built up some cash savings and protected yourself and family with insurance. Where next? Whether you’re looking to invest for your children’s education, fund a large purchase of simply build a comfortable nest egg and inheritance, investments may be your next step. This week […]

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Accountants for doctors – how do I find a good medical accountant?

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 and Chartered Accountant and Chartered tax advisor myself, all too often I see colleagues who are paying too much tax as a result of making mistakes themselves or […]

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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 not if, but when we will need an accountant. But how to tell when you would benefit from some advice? As a Doctor but also a Chartered Accountant and Chartered […]

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Check your tax code and claim a tax rebate online

A Personal Tax Account allows you to claim a doctors tax rebate for expenses such as exam fees, GMC BMA MDU MPS fees. You can also check your doctors tax code is correct. Claiming tax relief on these expenses can reduce the costs of training by up to 40%. Here we guide you how to set up […]

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How much do GPs earn and should I join a partnership?

Should I join a GP partnership? Is a partnership high earning? Why are brackets on a balance sheet potentially bad news? Here Liz Densley FCA CTA from Honey Barrett specialist medical accountants and Dr Ed Cantelo ACA CTA from Medics’ Money take you through some things to consider if thinking about joining a GP partnership. This article gives […]

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