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Tag: Locum doctors

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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Is property still a good investment for doctors?

Is property still a good investment for doctors? What alternatives are there? Medics’ Money sat down with Darren from Dental and Medical to find out. You can contact Darren for a no obligation consultation via Medics’ Money here or you can find you nearest Medics’ Money recommended IFA here A solid investment plan is the foundation […]

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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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Income protection insurance for doctors and surgeons

What is income protection insurance for doctors and surgeons? Who needs it? Why should you update your existing policy using an Independent Financial Advisor? Independent Financial advisor Oliver McDonald, from IEP Financial answers your questions on income protection. What is income protection? Income protection insurance (sometimes known as permanent health insurance) is a long-term insurance policy […]

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Mortgages for doctors – should you get a marathon mortgage

If you’re preparing to take out a mortgage, there are plenty of things to consider. Among them is how long you’ll pay back the loan for. As property prices have increased, it should come as no surprise that mortgages are getting longer. More homebuyers are choosing to take out ‘marathon mortgages’ over a 40-year term. […]

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Income protection for doctors – getting the best deal

Two Medics’ Money clients have saved themselves £4,608 and £6,480 respectively by using a Medics’ Money specialist Independent Financial adviser. This week we met up with Oliver McDonald, Associate Director at IEP Financial – one our trusted independent financial advice firms that help Doctors with their insurance needs. The importance of Independent financial advice cannot be […]

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