1.4M
Downloads
301
Episodes
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
4 days ago
4 days ago
Resident Doctors, GP Funding, and Tax Trivia: Medics Money Podcast Episode In this Multidisciplinary Team (MDT) Medics' Money podcast episode, resident doctors voice frustrations regarding pay and working conditions, leading to discussions of potential industrial action. Dr. Cyra Mackintosh shares her personal experience with stressful specialty applications and her upcoming move for a histopathology training post. The episode also features contributions from specialist medical accountant Andy Pow and Dr. Ed Cantelo, who highlight major issues in GP funding, discrepancies in government financial support, and unravel the recent news surrounding VAT on Premium Bonds and trade agreements.
An entertaining segment dives into VAT trivia, emphasising premium bond efficacy and the implications of NAO and McCloud pension judgments on doctors' finances.
00:00 Introduction and Frustrations with the Government
01:08 Welcome to the Medics Money Podcast
01:32 Dr. Cyra Mackintosh's Exciting News
04:51 Discussion on Resident Doctors' Strike
15:43 Tax Trivia: VAT on Food and Medical Procedures
25:47 Pensions and McCloud Judgment Updates
27:59 Tax Refund Adjustments and Annual Allowance Charges
28:44 The Impact of Annual Allowance Tax on Doctors
30:03 Self-Identification for Annual Allowance Tax Refunds
31:11 Medics Money: Connecting Doctors to Specialist Advisors
32:57 UK-India Trade Agreement and National Insurance Exemptions
37:22 GP Funding and Contract Issues
46:07 Premium Bonds: Not an Investment
49:26 AISMA Conference and Final Thoughts
7 days ago
7 days ago
Fix your finances FAST: https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
In this episode of the Medics Money podcast, Dr. Rasha shares her journey into the field of palliative medicine and her experiences with financial education. She discusses her career choice, the importance of role models, and her lack of financial teachings in medical school. Rasha also opens up about her challenges and learnings regarding savings, investments, and tax efficiency. She explains how the Medics' Money Financial Wellbeing course helped her make informed financial decisions, covering topics like tax, pensions, and investments. Additionally, she reflects on her approach to teaching financial lessons to her children and plans for future financial security. This episode provides valuable insights and practical advice for healthcare professionals looking to improve their financial literacy.
00:00 Introduction and Early Financial Lessons
00:35 Guest Introduction
01:14 Career Path in Palliative Medicine
05:27 Early Financial Experiences and Lessons
07:37 Navigating Credit Cards and Investments
14:06 Discovering Medics Money and Financial Wellbeing Course
16:14 Key Learnings from the Financial Wellbeing Course
21:30 Future Financial Plans and Family Education
28:57 Conclusion and Final Thoughts
Tuesday Apr 29, 2025
Tuesday Apr 29, 2025
The Unexpected Benefits of a Declining Stock Market: A Doctor's Perspective
In this episode of the Medics' Money podcast, the host welcomes Dr. Simone Bruschi, an ophthalmology consultant, to discuss his intriguing view on market trends and investing. Simone shares his journey from being a self-taught investor to advocating for a long-term, globally diversified index fund strategy. They discuss why a declining market can be advantageous for regular, long-term investors. The conversation also delves into the psychological aspects of investing, the importance of automated investing, and the impact of personal finance education for doctors. Listeners will gain insights into why traditional market timing is challenging and how a disciplined, low-emotion approach to investing can yield significant benefits over time.
00:00 Introduction and Guest Welcome
01:57 Background on the YouTube Comment
02:47 Discussion on Market Timing and Investment Strategies
03:30 Simone's Perspective on Market Trends
09:13 Investment Strategies and Personal Experiences
19:03 Goals and Financial Planning
24:19 Final Thoughts and Conclusion
Friday Apr 25, 2025
Friday Apr 25, 2025
In this episode of our MDT (Multidisciplinary Team) podcast series, we delve into several pressing topics. We start with an update on the takeover of NHS property by a US private equity firm and what this means for the healthcare system. We then explore the global economic implications of US tariffs, particularly how they are impacting bonds and creating volatility in the market. Our economics experts also put forward their views on the theory of 'taxing wealth not work' as proposed by Gary Stevenson. Wrapping up, we discuss the ongoing NHS pension crisis, including a notable case where a doctor received compensation for pension maladministration and the latest delays in issuing pension saving statements due to the McCloud judgment. Join us as we unpack these complex issues and more
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/
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 Apr 22, 2025
Tuesday Apr 22, 2025
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
In this episode of the Medics' Money podcast, the host welcomes Dr. Edmund Jack to discuss his financial journey and share valuable tips for fellow doctors. Approaching 1.4 million downloads, the podcast has been helping healthcare professionals improve their financial wellbeing. Dr. Jack, a GP from Devon, talks about his diverse career and the phases of his financial life, from debt accumulation to investment strategies. He highlights the importance of a structured approach to finances and the benefits of the Medics' Money Financial Wellbeing course. Key topics include sensible investing strategies, whether to pay off the mortgage or invest, and the psychological aspects of finance. Dr. Jack emphasizes the significance of having a clear financial plan, automating investments, and the long-term benefits of a diversified portfolio. Listeners also get insights into the ongoing debate about active vs. passive investing and tips for those just starting their financial journey.
00:00 Introduction and Podcast Milestone
01:53 Guest Introduction: Dr. Edmund Jack
02:13 Dr. Jack's Financial Journey
05:14 Discovering MedicsMoney
12:39 Key Learnings from the Financial Wellbeing Course
16:55 Investment Strategies: Active vs. Passive
31:30 Final Thoughts and Tips for Beginners
34:28 Conclusion and Upcoming Events
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
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 Apr 15, 2025
Tuesday Apr 15, 2025
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
In this episode of the Medics' Money podcast, hosts welcome Dr. Kate Rothwell, a haematology consultant, who shares her experiences from the Medics' Money Financial Wellbeing course. The discussion covers practical financial tips, including dealing with misallocated back pay and tax traps, and the significance of knowing when and how income should be taxed. Dr. Rothwell recounts battling payroll issues and the importance of proactively managing one's finances, especially regarding pensions and investment strategies. The episode emphasizes the value of collective knowledge and persistence in handling financial matters, highlighting stories of errors corrected and financial knowledge gained. Listeners are encouraged to openly discuss and manage their finances to make informed decisions, leveraging resources like Medics' Money to navigate their financial journeys effectively.
00:00 Introduction and Overview
00:16 Back Pay Issues and Tax Traps
00:40 Pensions Taxation Explained
00:46 Investing Mindset and Tips
00:53 Impact of Financial Wellbeing
01:58 Guest Introduction: Dr. Kate Rothwell
02:46 Personal Financial Journey
05:25 Navigating Tax Challenges
18:00 Persistence with HMRC
23:42 Investing and Financial Planning
28:05 The Importance of Financial Knowledge
42:02 Conclusion and Final Thoughts
Tuesday Apr 08, 2025
Tuesday Apr 08, 2025
Funding for foundation training in 2025/26 | NHS England | Workforce, training and education
In this episode, Tommy welcomes Gopal Ladva, a pharmacist partner, to discuss his unique role and his journey to partnership in general practice. Gopal shares valuable insights on optimizing the utilization of pharmacists in a GP setting, including his innovative approaches to electronic repeat dispensing, triage systems, and apprenticeship schemes. He emphasizes the importance of understanding finances in general practice, the value of community and knowledge sharing, and the significant impact of collaborative work. The conversation highlights the transformative benefits of integrating pharmacy expertise into general practices for improved patient care and efficiency.
00:00 Introduction and Guest Welcome
01:30 Journey to Becoming a Pharmacist Partner
02:38 Roles and Responsibilities of a Pharmacist Partner
04:22 Innovative Apprenticeship Programs
07:29 Implementing Effective Practice Strategies
11:57 The Importance of Triage in General Practice
17:36 Efficiency Through Electronic Repeat Dispensing
21:13 Reflections on Partnership and Financial Insights
25:23 Conclusion and Final Thoughts
Friday Apr 04, 2025
Friday Apr 04, 2025
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
Thursday Apr 03, 2025
Thursday Apr 03, 2025
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
Tuesday Apr 01, 2025
Tuesday Apr 01, 2025
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/
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.