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The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.
Episodes
17 minutes ago
17 minutes ago
https://www.medicsmoney.co.uk/our-courses/
In this episode, the Medics' Money team recaps a recent experiment where they discussed current medical finance issues and received positive feedback from their audience, prompting another MDT episode. The team, including Dr. Tommy, Dr. Ed, Dr. Cyra Asher, and accountant Andy Pow, covers crucial topics such as checking national insurance records for state pension eligibility, the volatility in the stock market, and the financial implications of electric cars. Additionally, they dive into why current trainees might be hesitant to pursue GP partnerships, discussing the financial risks and lack of business training in medical education while emphasizing the importance of seeking proper guidance and education through Medics' Money's courses. The discussion also touches on medical negligence and vicarious liability risks within GP partnerships. 00:00 Introducing the MDT Experiment
01:07 Meet the Medics Money Team
02:35 Importance of Checking National Insurance Records
04:10 Understanding Voluntary Contributions
05:50 Child Benefits and National Insurance Credits
11:26 Global State Pension Eligibility
13:03 The Great Stock Market Crash Discussion
20:18 Stock Market Sale
20:37 Electric Car Tax Changes
21:33 Luxury Car Tax Explained
22:30 Electric Car Incentives
24:38 Impact of Tax Policy on Electric Cars
27:10 GP Partnership Challenges
31:53 Lack of Knowledge About Partnerships
37:09 Unlimited Liability Concerns
42:49 Conclusion and Final Thoughts
2 days ago
2 days ago
Transforming Primary Care: The Role of Independent Prescribing Pharmacists In this podcast, a GP hosts members from DPP Connect to discuss innovative ways of integrating pharmacists into primary care. Raheena Kasam, Mahmud, and Sadik explain their roles and the function of DPP Connect in facilitating pharmacists to become independent prescribers by matching them with GPs for practical training. They delve into the specifics of the independent prescribing qualification process, the benefits for GP practices, and the future of pharmacist roles in general practice. The conversation highlights the collaborative efforts between GPs and pharmacists, the workflow integration, and the positive impact on patient care.
00:00 Introduction to the Podcast and Guests
02:02 Overview of DPP Connect
02:40 Understanding Independent Prescribing for Pharmacists
04:04 Real-Life Experiences and Benefits
06:44 Training and Supervision Requirements
10:03 Specialization and Scope of Practice
13:59 Vetting and Onboarding Process
16:04 Getting Started with DPP Connect
16:38 Future of Pharmacists in General Practice 21:16 Conclusion and Contact Information
3 days ago
3 days ago
Sign up to Tandem here.
In this episode, host Tommy interviews Dr. Katie Baker, who transitioned from being a GP to becoming the CEO of a global healthcare company and Operations Director at Tandem Health. They discuss Dr. Baker's career journey, the role of AI in healthcare, and the groundbreaking AI scribe tool by Tandem Health designed to reduce administrative burdens for clinicians. They also delve into Dr. Baker's insights on the future of health tech, the importance of clinician involvement in tech startups, and practical tips for integrating AI tools into medical practices. The conversation highlights how AI can transform healthcare by allowing clinicians to focus more on patient care while streamlining administrative tasks.
00:00 Introduction and Guest Welcome
01:00 Discussing AI in Healthcare
02:03 AI Scribe Demonstration
03:26 Consultation Simulation
08:38 Tandem Features and Benefits
14:36 Getting Started with Tandem
16:02 Understanding Tandem's Pricing and Cost Efficiency
17:33 Necessary Equipment for Using Tandem
18:49 Navigating Implementation and Sign-Off Challenges
19:53 From GP to Health Tech: Katie's Journey
23:15 Breaking into Health Tech: Tips for Clinicians
29:23 The Role of Clinicians in Health Tech Startups
32:19 The Future of Health Tech and AI in Medicine
35:20 Conclusion and Trial Information
Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
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Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
Tuesday Mar 25, 2025
Tuesday Mar 25, 2025
In this episode of the Medics' Money podcast, host Cyra welcomes co-leads Sophie and Henry from the BMA's finance campaign and fourth-year medical student Miki to discuss the financial challenges faced by medical students in England. They delve into how student finance currently works, the significant drop in funding during later years of study, and the impact of these financial shortcomings on students' lives. Personal stories highlight the struggles of balancing intense academic workloads with part-time jobs and the use of food banks, among other hardships. The episode also explores potential solutions, including the continuation of full maintenance loans, increased grants, and better pre-application information. The guests share ongoing efforts to engage with government departments and proposed actions to address these critical issues.
00:00 Welcome to the Medics Money Podcast
00:28 Meet the Finance Campaign Co-Leads
01:16 Understanding the Student Finance System
03:18 The Financial Struggles of Medical Students
05:38 Personal Stories of Financial Hardship
11:00 Campaign Goals and Government Engagement
18:14 Closing Remarks and Future Actions
Friday Mar 21, 2025
Friday Mar 21, 2025
In this episode of the Medics' Money Podcast, Chartered Accountant and Doctor Cyra takes over for Women's Week in honour of International Women's Day. She engages in a detailed discussion with Melanie Thomas, an accountant specialising in the financial management of doctors. The conversation delves into observed behavioral and career differences between male and female NHS consultants and GPs, particularly in relation to risk-taking, investment behaviors, and work-life balance. They explore the impact of these differences on gender pay gaps and pension disparities. Additionally, the episode provides actionable advice for female doctors to gain financial literacy and confidence in managing their finances. Stay tuned for more insights throughout Women's Week on multiple platforms.
00:00 Introduction to Women's Week
00:28 Meet Melanie Thomas: Accountant for Doctors
01:05 NHS Consultants: Gender Differences in Private Practice
03:16 GPs: Gender Dynamics and Financial Roles
06:11 Investing Behaviors: Risk Appetite and Gender
08:38 Balancing Family and Career: The Hidden Workload
10:10 Empowering Women in Finance
12:10 Conclusion and Upcoming Topics
Tuesday Mar 18, 2025
Tuesday Mar 18, 2025
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Journey from ONG Trainee to Influential GP Partner: Tips & Insights with Dr. Durrat In this episode, we hear from Dr. Durrat, a GP partner who shares her transformative journey from an ONG trainee to a GP partner. Durrat offers invaluable insights into improving recall systems, leveraging cloud accounting, and utilising automations and technologies to enhance GP practices. She discusses the significant impact of the Medics Money GP partnership course on her career and practice management. She also highlights the pros and cons of being a GP partner, the benefits of a supportive GP community, and provides practical tips for aspiring partners.
00:00 Introduction to Today's Podcast
02:20 Meet Dr. Durrat Bharmal
02:53 Journey to Becoming a GP Partner
04:41 Learning the Business Side of GP
08:05 Implementing Changes in Practice
11:05 Pros and Cons of Being a GP Partner
14:13 Future Plans and Final Thoughts
Saturday Mar 15, 2025
Saturday Mar 15, 2025
Family Finances Guide: www.medicsmoney.co.uk/familyfinances
Part 2 of Financial Family Planning In this episode, Matt and Cyra, a chartered accountant and doctor, delve deeper into financial planning for medical families. They discuss the impacts of maternity and paternity leave on NHS pensions and financial obligations such as student loans. Saira highlights the various maternity leave policies, their effect on pensions, and alternatives like shared parental leave. They also address ongoing student loan repayments during parental leave, potential discounts on professional subscriptions, and strategies to manage childcare costs while working in the NHS. Key topics include child benefits, tax-free childcare, and the nuances of working less than full-time as a medical professional.
00:00 Introduction and Welcome
00:23 Recap of Part One
02:14 NHS Pension During Leave
05:16 Impact of Student Loans
08:01 Subscription Discounts During Leave
12:21 Child Benefits and Tax-Free Childcare
20:37 Locum Work and Parental Leave
22:08 Working Less Than Full Time
28:02 Conclusion and Guide Reminder
Friday Mar 14, 2025
Friday Mar 14, 2025
In this episode of the Medics' Money podcast, hosts Ed and Matthew provide a comprehensive guide on essential tax planning strategies to consider before the end of the 2024-2025 tax year on April 5, 2025. They cover six crucial topics, including claiming tax rebates for professional expenses from prior tax years, maximizing ISA allowances, understanding and mitigating marginal tax rate traps, exploring asset transfers to lower-taxed spouses, and staying aware of potential pension annual allowance issues. The episode aims to help healthcare professionals avoid missing out on valuable tax-saving opportunities and offers actionable tips to optimize financial planning.
00:00 Introduction and Overview
00:58 Meet Ed: Your Tax Guide
02:12 Claim Your Tax Rebates
06:00 Maximizing Your ISA Allowance
11:54 Understanding Marginal Tax Rates
14:57 Transferring Assets to Lower Tax Spouses
17:27 Pension Contributions and Annual Allowance
19:21 Final Thoughts and Recap
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
Tuesday Mar 11, 2025
Tuesday Mar 11, 2025
Navigating Entrepreneurship as a Doctor: Insights from Elle Todd
In this episode, originally aired on 'What Medical School Doesn't Teach Us,' Cyra interviews Elle Todd, a part-time A&E doctor and full-time entrepreneur, about her journey in starting her own business. Elle shares valuable advice for doctors considering a shift to entrepreneurship, emphasizing the importance of passion, resilience, and comprehensive market research. She outlines key steps in the process, including developing a business plan, incorporating a company, and practical tips on website development and legal requirements. Elle also highlights the significance of balancing a job while initiating a business to manage financial risks and sustain motivation. The episode is packed with actionable insights, making it a must-listen for aspiring entrepreneur-doctors.
00:00 Introduction: Transitioning from Medicine to Business
00:59 Meet the Hosts and Guest 01:36 Elle's Journey to Entrepreneurship
03:18 Finding the Right Business Idea
05:53 Essential Elements for Starting a Business
08:27 Market Research and Initial Steps
10:46 Financial Considerations and Business Models
22:22 Legal Requirements and Incorporation
26:25 Setting Up a Business Bank Account
27:25 Creating a Comprehensive Business Plan
28:57 Managing Multiple Businesses and Accounts
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
29:27 Handling Accounting and Outsourcing
31:36 Legal Documents and Policies
34:15 Building and Managing Your Website
42:03 Lessons from a Failed Business Idea
47:22 Balancing a Job and a Side Hustle
48:49 Final Thoughts and Social Media Plugs
Saturday Mar 08, 2025
Saturday Mar 08, 2025
Navigating Financial Family Planning for Doctors
In this episode of the Medics' Money Podcast, the hosts delve deep into the complexities of financial family planning specifically tailored for doctors. Matthew is joined by Cyra, a doctor and chartered accountant, they explore various leave entitlements and financial planning considerations during family planning stages. The discussion includes comprehensive details about occupational maternity leave, statutory maternity pay, maternity allowance, paternity leave, and shared parental leave. Cyra offers insights into practical steps and various scenarios to maximize financial benefits, aiming to make this overwhelming subject more manageable. The episode is accompanied by a downloadable PDF guide to assist listeners further.
00:00 Introduction to Financial Family Planning
02:17 Understanding Occupational Rights During Pregnancy
07:10 Navigating Maternity Leave
15:07 Statutory Maternity Pay and Leave
23:26 Paternity and New Parent Support Leave
26:34 Adoption Leave Explained
28:14 Shared Parental Leave: A Comprehensive Guide
36:47 Conclusion and Next Steps
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.