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Tag: GPST1-3

Starting out as a GP Locum including how to pension work, paying tax, claiming expenses and finding work

Starting out as a Locum GP can be daunting. Medics’ Money asked specialist medical accountant Sam Taylor and Pete Farrier from Morris Crocker to give us a guide to working as a locum GP. Including registering as self employed, paying tax how to pension work, should I work as limited company, IR35 and how to […]

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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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Tax returns and self assessment for doctors. What financial records should you keep? How do you pay your tax bill?

We asked David Elliot, Tax Director from specialist medical accountants BW Medical Ltd to tell us what financial records to keep and how to pay any tax bills. What records do I need to keep for my Tax return? It is vital to keep records in the event that HMRC may open an enquiry into your […]

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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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Socially responsible investment advice for doctors

Socially responsible investment advice for doctors. What is it? Can you make money and be socially responsible? This month Medics’ Money chats with specialist medical IFA Guy Roper FPFS, Chartered Financial Planner from Sunrise Independent Financial Advisers Limited. You can contact Guy for a free no obligation consultation via Medics’ Money here. So Guy, tell us what is […]

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