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Tag: Locum doctors

5 reasons for doctors not to panic about investments

In recent weeks, the news has reported significant volatility in world stock markets. Mid-March saw both the FTSE 100 and Dow Jones experience their biggest one-day fall since 1987 before the Dow Jones then experienced its biggest weekly rise in more than 45 years. During periods of turmoil, it’s natural that you may be worried […]

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Cremation Form Taxation for doctors

The Taxation of Cremation Form Income by Dr Ed Cantelo GP, Chartered Accountant and Tax adviser. Medics’ Money co-founder. Received a few cheques from completing cremation forms (ash cash) and not sure what to do regarding tax? Wondering if you need to tell HM Revenue and Customs (“HMRC”) or how? In this blog Ed tells […]

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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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Locums beware – if it sounds too good to be true….

Locums beware, if it sounds too good to be true…… Tax avoidance or tax evasion?! Working through an agency for Locum work is a path many new Doctors take, but there are a few questions that should be asked if you think the agency employing you might be using a “loan scheme” or “disguised renumeration […]

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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 doctors 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 […]

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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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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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