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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
Tuesday Nov 03, 2020
Tuesday Nov 03, 2020
Two part NHS Pensions podcast special.
Next week we will be discussing how a recent legal case affects the NHS pension.
But before we get into detail next week, we start with a beginners guide to the NHS Pension.
We asked Specialist Medical IFA Rachael Hall to give us an overview of the NHS pension.
We talk about the differences between the 1995, 2008 and 2015 schemes including accrual rates, lumps sums and other benefits.
We answer some listeners questions such as
"Can I invest my NHS pension pot ethically"
"What are the risks of opting out of the pension scheme?"
"What good habits should all doctors practice with regard to their NHS Pension?"
Perhaps most importantly we find out why Rachaels partner chose a career in medicine over a life as a superstar DJ.
Contact Rachael here
https://www.medicsmoney.co.uk/accountant/sandringham-medical/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
https://www.facebook.com/medicsmoney
Tuesday Oct 27, 2020
Tuesday Oct 27, 2020
Brand new feature - The Medics' Money Clinic where we diagnose and treat a Medics Money podcast listeners financial ailments. This week Guy Roper, Chartered Financial Planner helps Alex (GP) and George (ST6) with cashflow budgeting, getting the right protection, saving for the future and helps them with their aim of not working until 68.
Contact Guy for your diagnosis and treatment plan here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
Tuesday Oct 20, 2020
Tuesday Oct 20, 2020
In this episode we hear from Dr Abdullah Albeyatti, MBBS BSc MRCS (ENT) MRCGP who has used bitcoin technology to improve the sharing of medical records. He's raised $24 million, is the CEO of a large company, still works as a doctor and somehow also finds time to help Medics' Money.
He's got some great insights in to developing a portfolio career with "side hustles" and even offers some top financial tips.
Links
Abdullah on LinkedIn
https://uk.linkedin.com/in/dr-abdullah-albeyatti-mbbs-bsc-mrcs-ent-mrcgp-49916973
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
Tuesday Oct 13, 2020
Tuesday Oct 13, 2020
Do you want to make money from smoking, petrochemical companies and other peoples misery? Nope, neither do I. In this episode we discuss making money ethically. More information on ESG here
https://www.medicsmoney.co.uk/ethical-investing-advice-for-doctors/
You can contact Guy Roper here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Tuesday Oct 06, 2020
Tuesday Oct 06, 2020
On this episode we are joined by Medics' Money reader Dr Emma Thurston who has used the principles of FIRE (see Ep 7) to train LTFT and develop her interest in wellness. We talk about how money can bring you happiness. How breathing exercises can make a day on call less stressful and Emma shares her tips on how doctors can deal with burnout.
Read more about Emma here
https://www.medicsmoney.co.uk/wellbeing-for-health-care-professionals/
Emmas website https://dremmathurston.com
Emmas insta https://www.instagram.com/dremmathurston/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
Tuesday Sep 29, 2020
Tuesday Sep 29, 2020
If FIRE training triggers thoughts of mandatory FIRE safety training, you’ll be relieved to hear I’m NOT about to patronise you on whether to use the powder or water extinguisher on a live electrical fire.
The FIRE I want to tell you about is Financial Independence Retire Early.
This is the FIRE training that can help doctors have the freedom to work when and how they want without worrying about money.
https://www.medicsmoney.co.uk/fire-doctors-financial-independence/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
Tuesday Sep 22, 2020
Tuesday Sep 22, 2020
In this episode we give you an overview of financial planning for doctors. Why you need a plan? How to make a plan? Why spending less than you earn paying yourself first are important. How protect your future? What qualifications do financial advisers have and how can you find a reputable adviser? It's a long one and summarises a lot of topics.
You can contact Guy Roper here
https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/
Make your own financial plan using our free ebook here
https://www.medicsmoney.co.uk/ebook/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
Tuesday Sep 15, 2020
Tuesday Sep 15, 2020
10 high impact financial tips for junior doctors (and some Jaffa Cake tax trivia).
All the 10 tips are summarised in our free ebook here https://www.medicsmoney.co.uk/ebook/
From the Medics Money podcast studio ;-) me and Ed relive our youth and reminisce about our F1 years.
Tip 1 - Use ESR to keep your payslips, P60 and the ESSENTIAL pension document all doctors need.
Tip 2 - Got student debt? Use pay yourself first to ease the pain of repaying it.
Tip 3 - Get a HMRC Personal Tax account. Its free and essential to managing your tax codes, tax rebates etc. Download the guide here https://www.medicsmoney.co.uk/free-guide/
Tip 4 - Are you spending £139,000 on hospital food? (you probably are)
Tip 5 - Check your tax code and correct it yourself online.
Tip 6 - Understand your pay and contract and the BMA may be useful for this.
Interlude for tax trivia - Jaffa Cakes - the most tax efficient "biscuit" ever?
Tip 7 - Claim a tax rebate on GMC/BMA/Royal college/exam fees to save up to 40% https://www.medicsmoney.co.uk/free-guide/
Tip 8 - I don't insure my phone, my washing machine or my beloved bikes, BUT I do insure this.
Tip 9 - Who needs an accountant and when?
Tip 10 - Unless you want to work as a doctor until state retirement age(68 for me) then you need a backup plan and investing may be that backup plan.
Thanks guys for listening and sharing.
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
https://www.facebook.com/medicsmoney
Wednesday Sep 09, 2020
Wednesday Sep 09, 2020
On todays episode we demystify doctors tax codes. Why might the standard tax code of 1250L be right for most people, but WRONG for most doctors? How can you fix your tax code yourself without phoning HMRC or NHS payroll? Tommy didn't do his homework last week but Ed comes to the rescue with more devastating tax trivia around P45, P60 and IR35. Fix your tax code here
https://www.medicsmoney.co.uk/is-your-doctors-tax-code-correct/
Want top stay up to date with the latest financial information for doctors?
Join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook
https://www.facebook.com/medicsmoney
Tuesday Sep 08, 2020
Tuesday Sep 08, 2020
What did we do when we couldn't get PPE to keep safe on the frontline of the Covid-19 pandemic? We commandeered the Rolls Royce factory and made our own PPE obviously. No really, we did. This is the story of how we did it. The introduction is also SUPER special.
Although this episode is nothing to do with making better financial decisions, it's everything to do with documenting and acknowledging the amazing work so many have done to help us keep us, our patients and our families safe during the pandemic. THANK YOU so much to all those involved.