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Tag: F1-F2

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, Chartered Accountant and Chartered tax advisor, I often see colleagues who are paying too much tax as a result of making mistakes themselves or using  non-specialist accountants. Engaging […]

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

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 […]

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

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/ […]

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Independant financial advisers ( IFA ) for doctors

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 […]

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Should I opt out and leave the NHS pension scheme ?

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 outlines some things […]

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Limited company for GP Locum doctors and Consultants.

Self-employment V’s Limited Company for doctors Many doctors forums are abuzz with ways to save tax and here at Medics’ Money one of the common questions we get asked from self-employed Consultants GPs and Locums is “Should I start a limited company to pay less tax” Our advice? Everyones situation is different and you should […]

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Financial advisers for doctors

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 […]

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Is your doctors tax code correct?

Is your doctors tax code correct? by Dr Ed Cantelo GP Trainee, Chartered Accountant and Chartered Tax Advisor   Understanding your tax code. Your tax code is calculated by HM Revenue and Customs or “HMRC” and is used by your trust’s payroll to determine how much income tax you should pay. In the first part […]

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Mortgages for doctors – benefits of a broker

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 […]

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What to expect when you meet a financial adviser for NHS doctors and surgeons?

What to expect when you meet a financial adviser? As busy medical professionals, it’s hard to dedicate time to understand and plan out your finances. But it’s important to plan for the future. Working with a financial adviser ensures you have an expert partner and a sound financial plan, and lets you stay focused on […]

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