Medics Money podcast

Get in touch with Talbots Law: https://medicsmoney.co.uk/medical-solicitor/This week's episode discusses divorce from a legal perspective with Karen and Rita from Talbots Law, outlining what to expect, why legal advice can help, and what people can do themselves under no-fault divorce. They explain timing (about six months for the divorce, often 9–12+ months for contested finances/children), ways to avoid court (negotiation, mediation, collaborative law), and court safeguards where there is domestic abuse. They cover how courts approach children and finances (needs and Section 25 factors), note child maintenance is usually handled by the Child Maintenance Service, and emphasize NHS pensions as major assets often needing a jointly instructed neutral actuary report, with pension sharing or offsetting options. They also mention disclosure of private practice income, updating wills, risks if someone dies before finalisation, avoiding new asset purchases before a clean break, and the value of communication.Want the latest financial tips for doctors and exclusive invites? Join 71,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.comWant to improve your finances fast? Then come on our coursehttps://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/Want to find out more about our other courses?www.medicsmoney.co.uk/coursesFollow us on InstagramFollow us on TwitterDisclaimer: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.

The BMA join us today to discuss the looming disaster and negotiations with the government for General Practice. Want the latest financial tips for doctors and exclusive invites? Join 71,000 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/ Want to find out more about our other courses? http://www.medicsmoney.co.uk/courses Follow us on Instagram https://www.instagram.com/medicsmoney/ Follow us on Twitter https://x.com/medicsmoney **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.

Over 6,000 doctors competed our state of medics money survey into doctors finances and only 29% of you had a will. So today we’re going to show you how to get a will using the same solicitors that we use and the links to do this online or phone Trusts, estate planning, downsizing.Contact Talbots Law: 01384 447774https://medicsmoney.co.uk/will-writing-service-for-medical-professionals/PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/Want the latest financial tips for doctors and exclusive invites? Join 71,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.comWant to improve your finances fast? Then come on our coursehttps://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/Want to find out more about our other courses?www.medicsmoney.co.uk/coursesFollow us on InstagramFollow us on TwitterDisclaimer: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.

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ Ed (a salaried GP, chartered accountant and tax advisor) and Andy (specialist medical accountant) outline 10 pre–tax-year-end considerations for healthcare professionals before 5 April 2026: claim missed employment-expense tax rebates for 2021–22 before the deadline; monitor adjusted net income around £100,000 to avoid personal allowance taper and childcare impacts, using pension contributions or Gift Aid where relevant; maximise ISA allowances (£20,000, including up to £4,000 Lifetime ISA, with cash ISA limits for under-65s changing from April 2027) and consider Junior ISAs (£9,000); transfer income-producing assets to a spouse/civil partner to use lower tax bands; use the £3,000 CGT allowance if selling assets; watch NHS pension annual allowance and tapered annual allowance issues near £200,000; consider inheritance tax gifting exemptions (£3,000 per year, plus prior year); plan limited-company dividends before dividend tax rates rise on 6 April 2026; and prepare for Making Tax Digital from 6 April 2026 for qualifying self-employed or rental income over £50,000. Want the latest financial tips for doctors and exclusive invites? Join 71,000 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/ Want to find out more about our other courses? www.medicsmoney.co.uk/courses 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.

Check out Vallour: Vallour Healthcare Services PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode, Tommy interviews Valeed, a GP partner in Manchester and CEO of Vallour, about outsourcing support for NHS general practice. Vallour provides outsourced document processing, prescription and medicines management, pharmacy-led chronic disease work, and pathology management, aiming to avoid work “boomeranging” back to practices by using on-call leads and autonomous clinicians who can take responsibility and prescribe. Valeed explains their pathology service focuses on abnormal as well as normal results via a calibration step with each practice to set thresholds, guidance choices, messaging, and risk appetite, creating bespoke statements of work. They discuss optimizing skill mix, reducing unnecessary routine work, and using existing tech better, with interoperability as a key barrier. Valeed also describes Vallour’s work in CPD education, helping practices become research-ready for NIHR and commercial trials (including patient recruitment for underrepresented groups), and developing clinical decision-support software. Want the latest financial tips for doctors and exclusive invites? Join 71,000 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/ Want to find out more about our other courses? www.medicsmoney.co.uk/courses 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.

Fix your NHS Pension FAST: www.medicsmoney.co.uk/pension PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this podcast, Tommy Perkins, Dr. Tony Goldstone, and Andy Pow discuss the critical tax planning opportunities available before the end of the 2025-2026 tax year. They delve into the complexities of the annual allowance, its implications for high earners, and the importance of understanding one's pension growth. The conversation emphasises the need for proactive financial management, the potential for tax charges, and the various strategies available to mitigate these impacts. The hosts also introduce a new course aimed at educating medical professionals on navigating their financial landscape effectively. 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/ Want to find out more about our other courses? www.medicsmoney.co.uk/courses 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.

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode, Tommy Perkins and Andrew Fenton discuss various financial questions that doctors face, particularly in light of recent budget changes. They cover topics such as managing earnings over £100,000, starting a new aesthetics business, understanding VAT implications, and the differences between operating as a sole trader versus a limited company. The conversation emphasises the importance of tax efficiency and proper financial planning for medical professionals. 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.

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode of the Medics Money podcast, Cyra, Shivam, and Arjun discuss the UK Graduate Prioritisation Bill, which aims to prioritise UK medical graduates in the training process amidst a growing number of international applicants. They explore the challenges faced in medical training, the role of the BMA in advocating for necessary changes, and the ongoing pay disputes affecting doctors. The conversation highlights the need for a sustainable workforce plan that balances the interests of UK graduates and international medical graduates while addressing systemic issues within the healthcare system. Chapters 00:00 Introduction to the UK Graduate Prioritisation Bill 02:45 Challenges and Solutions in Medical Training 05:34 The Importance of Sustainable Competition Ratios 08:19 The Role of the BMA in Advocating for Graduates 11:06 Addressing the Needs of International Medical Graduates 13:49 Future of Medical Training and Workforce Planning 16:26 The Pay Dispute and Its Implications for Doctors 17:44 Conclusion and Future Outlook 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.

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode of the Medics Money podcast, Matthew and Ed address various financial questions from doctors, focusing on topics such as cash ISAs, trading allowances, adjusted net income, self-assessment tax returns, and claiming professional expenses. They provide insights into the implications of recent changes in tax laws and offer practical advice for navigating the complexities of financial management in the medical profession. 00:00 Introduction to Financial Queries for Doctors 01:12 Understanding Cash ISAs and Future Changes 05:40 Exploring the Trading Allowance and Miscellaneous Income 09:02 Adjusted Net Income and Its Implications 11:43 Self-Assessment Tax Returns: Who Needs Them? 16:35 Claiming Professional Expenses and Tax Rebates 21:35 Navigating HMRC Tax Relief and Subscriptions 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.

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ This week's Medics' Money Podcast features Dr. Zain Manji, who shares his experience and insights on financial education for medical professionals. Dr. Manji discusses the lack of formal financial training in medical schools and emphasises the importance of early financial planning and investment. He highlights key takeaways from the Medics' Money Financial Wellbeing course, such as budgeting, the medics money financial wellbeing algorithm, and evidence-based investing. He also offers advice to medical students and young doctors on the significance of starting financial planning and investing early. 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.

Contact BW Healthcare Surveyors today --> https://medicsmoney.co.uk/rent/ PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ This conversation delves into the complexities of funding in healthcare practices, highlighting the significant impact of underfunding on reimbursement rates and the financial health of these practices. It explores the challenges faced by healthcare providers in securing adequate funding and offers strategies for navigating these issues effectively. 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.

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ The next cohort of the Financial Wellbeing Course starts soon. Apply here: https://medicsmoney.co.uk/medics-money-financial-wellbeing-course/ In this episode, Tommy is joined by Dr. Jonathan Hanson, an experienced sports medicine doctor who has worked with elite sports teams, including Formula One, rugby, and football teams. Dr. Hanson shares his unique career path from medical school to becoming a go-to specialist in sports medicine, emphasising the role of mentorship and specialised training. He also discusses the importance of financial education for medical professionals, describing how early advice on investments, insurance, and the NHS pension helped him manage his finances effectively. Notably, he recounts his involvement in developing concussion guidelines in Scotland and shares some memorable experiences, including wearing Sam Allardyce's trainers during his time with the England football team. The episode wraps up with valuable advice for new doctors on managing their careers and finances. 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.

Get access to tool here https://form.jotform.com/253052650309047?referralcode=MMB2526 PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode, Tommy Perkins and Dr. Tony Goldstone discuss the complexities of NHS pensions, particularly focusing on the punitive annual allowance tax bills that many healthcare professionals face. Dr. Goldstone introduces a new web-based tool designed to help individuals calculate and predict their pension growth and tax liabilities. The conversation delves into the structure of NHS pensions, the challenges of understanding annual allowances, and the importance of accurate data in financial planning. The episode also highlights various tax traps that can affect take-home pay and emphasises the need for proactive management of pension-related issues. 00:00 Understanding NHS Pension Challenges 07:38 Introducing the New Pension Tool 15:16 Navigating Complex Pension Scenarios 23:44 Navigating Tax Charges and Scheme Pays 30:59 Understanding the 100K Tax Trap 37:44 Addressing Employer Errors and Back Pay 43:45 Revisiting Scheme Pays and Individual Circumstances

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode of the Medics' Money Podcast, hosts Dr. Tommy Perkins is joined by series veteran Ian Crompton to discuss crucial financial advice for medical professionals. They delve into common financial mistakes that doctors and dentists should avoid, including nuances related to valuations, types of finance, ownership issues, and succession planning. With Ian's extensive experience as an independent broker and consultant working with GPs, the conversation highlights the importance of getting expert advice to navigate the complexities of financial decisions in the healthcare sector. Tune in to learn how to make informed financial choices to ensure long-term success and stability. 00:00 Introduction to Medics Money Podcast 01:20 Welcoming Back Ian Crompton 02:04 Top Tips and Common Mistakes 05:03 Valuations and Financial Considerations 11:23 Understanding Different Types of Finance 16:04 Ownership Issues and Succession Planning 22:41 Hand Me Down Loans and Inheritance Loans 31:15 Summary and Final Thoughts

Free live financial training https://medicsmoney.co.uk/live/ PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode of the Medics' Money podcast, the team discusses their 2025 financial resolutions and sets new ones for 2026. With contributions from Dr. Tommy Perkins, Andy Pow, Dr. Ed Cantelo, Matthew, and Dr Cyra Mackintosh, they reflect on their successes and challenges over the past year. Andy shares the success of starting a new business, while Cyra discusses the challenges of maintaining savings and planning for a new baby. Dr. Tommy Perkins talks about his physical recovery, despite not meeting his resolution fully. The episode also delves into the importance of ethical investing and accurately managing pension records, offering valuable insights and advice for doctors and other professionals looking to improve their financial well-being in the coming year. The podcast ends with a reminder of upcoming live events in January to help structure and improve finances for 2026. 00:00 Introduction and Upcoming Events 00:51 Team Introductions and 2025 Resolutions Recap 02:25 Tommy's 2025 Resolution and Future Plans 07:57 Andy's 2025 Resolution and New Business 10:51 Cyra's 2025 Resolution and Personal Updates 13:48 Matthew's 2025 Resolution and Financial Plans 15:51 Ed's 2025 Resolution and Pension Focus 22:47 Final Thoughts and Upcoming Live Sessions

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In the penultimate episode of the Medics' Money Podcast for 2025, hosts Dr. Tommy Perkins and Dr. Ed Cantelo, along with team members Cyra, Andy, and Matthew, celebrate a successful year and engage in their annual end-of-year quiz. The quiz features a mix of questions about the team, financial achievements, and UK tax trivia, exploring topics like fiscal drag, VAT rates, and historical taxes. The team recalls their best moments of 2025, including record numbers of doctors assisted and popular YouTube videos. They also discuss significant changes in ISA limits set for April 2027. The episode wraps up with a thank you to their listeners for their continued support, along with wishes for a happy holiday season. 00:00 Welcome to the Medics' Money End of Year Quiz! 00:31 Meet the Team 02:28 Quiz Round 1: Medics Money Achievements 10:15 Quiz Round 2: Pet-Themed Fun 14:41 Quiz Round 3: Fiscal Drag and Finances 20:01 Reflecting on Fiscal Drag and Inflation 20:40 Investing in 2025: Navigating AI Bubbles and Market Volatility 23:36 Understanding Stock Market Volatility 26:33 ISA Limits and Government Policies 31:55 Tax Trivia: Unusual Historical Taxes 35:20 VAT Rates and Peculiarities 38:09 HMRC Excuses and Tax Return Deadlines 40:39 Wrapping Up: Medics' Money's Year in Review

In this episode of the Medics Money podcast, Tommy interviews Angus Perry, a GP with a passion for integrating technology and lifestyle medicine into healthcare. Angus discusses his journey from being a GP to founding GeneralPractice.ai, a platform designed to create personalised management plans for chronic conditions and promote lifestyle changes. The conversation explores the challenges of implementing lifestyle medicine in a time-constrained environment, the importance of patient engagement, and the role of technology in modern healthcare. Angus shares insights on building a minimal viable product, the significance of passion in entrepreneurial endeavours, and offers advice for young clinicians looking to future-proof their careers in an evolving medical landscape. Chapters 00:00 Introduction to Angus Perry and His Journey 02:32 The Importance of Lifestyle Medicine in General Practice 05:23 Challenges in Implementing Lifestyle Changes 08:05 Building a Solution: GeneralPractice.ai 10:45 The Mechanics of Creating a Health Tech Startup 13:38 How GeneralPractice.ai Works for Patients and Clinicians 16:26 The Role of Gamification in Health Management 18:59 Advice for Young Doctors and Future Trends in Medicine

Editors note: this episode originally aired on 'What Medical School Doesn't Teach Us' in 2024. In this episode of Medics' Money's podcast, Cyra interviews Matthew to discuss the intricacies of UK student loan plans, particularly focusing on the differences between Plan 2 and the newly introduced Plan 5. They elaborate on loan repayment mechanisms, interest rates, and repayment terms for each plan. Matthew explains the concept of a graduate tax and addresses misconceptions about paying off student loans. The episode also touches on the financial burdens faced by students, the impact of loan repayments on future financial prospects, and the importance of evaluating the necessity of taking on such debt. Listeners are encouraged to consider their personal circumstances before committing to student loans. For questions, listeners can reach out via provided email contacts. 00:00 Introduction and Welcome 00:48 Understanding Student Loan Plans 01:16 Plan 2: The Graduate Tax 03:27 Plan 5: New Changes and Implications 05:14 Comparing Plan 2 and Plan 5 06:13 The Real Cost of Student Loans 07:16 Good Debt vs. Bad Debt 08:11 The Financial Burden on Students 12:25 Conclusion and Contact Information

In this episode, Dr Kurar discusses the pressures faced by NHS doctors and the steps they can take to transition from clinical medicine to industry roles. Dr Kurar outlines the importance of financial education, the power of LinkedIn for networking, and the various transferable skills doctors possess. Additionally, they share personal experiences, including setting up a property investment venture and optimising company pension schemes. The conversation provides a comprehensive guide for doctors contemplating a career change, emphasising the significance of planning, LinkedIn optimisation, and leveraging existing skill sets. 00:00 Introduction: Transitioning from NHS to Industry 01:05 Dr Kurar's Background and Motivation 01:12 The Role of Financial Education 01:58 Discovering the Podcast and Initial Steps 02:42 Current Role in Regulatory Space 03:58 Maintaining Clinical Work and Side Hustles 04:41 Steps to Transition from NHS to Industry 06:41 Leveraging LinkedIn for Career Transition 11:28 Transferable Skills for Doctors 13:12 Financial Aspects of Transitioning 16:12 Property Investment Journey 20:39 Concluding Thoughts and Advice

In this episode of the Medics Money podcast, Ed Cantelo and Andy Pow discuss the recent budget announcements made by Chancellor Rachel Reeves. They delve into the implications of tax changes for healthcare professionals, including income tax thresholds, property income tax rates, and changes to ISAs. The conversation also covers NHS spending plans, pension taxation, and the introduction of new vehicle exercise duties. Ed and Andy provide insights into how these changes may affect listeners, particularly those in the medical field. 00:00:00 Introduction and Overview 00:00:00 Income Tax Changes 00:00:00 Property and Dividend Tax Updates 00:00:00 ISA Allowance Adjustments 00:00:00 NHS Spending and Pension Updates 00:00:00 Vehicle and Council Tax Changes 00:00:00 Conclusion and Listener Impact

Empowering Medical Professionals: Financial Insights with Dr. Hassan In this episode of The Medics Money Podcast, Dr. Hassan makes his debut. He's an F2 doctor in the NHS, active on social media as Dr. Hassan Finance. Dr. Hassan discusses the importance of financial literacy for healthcare professionals, sharing insights on investment strategies, the significance of transparent financial discussions, and the concept of the FIRE (Financial Independence, Retire Early) movement. He also speaks about the current financial struggles in the NHS, including the need for fair pay and the upcoming doctor strikes. Additionally, the conversation covers practical advice on managing personal finances, maximizing income, and cutting unnecessary expenses for a balanced approach to financial wellness. 00:00 Introduction to Medics Money Podcast 01:24 Special Guest: Dr. Hassan on Financial Wellbeing 03:30 Breaking Financial Taboos in Medicine 07:27 Investing: Mindset Over Stock Picking 11:13 The Power of Compounding and Long-Term Investing 15:25 Time vs. Money: The Ultimate Wealth 18:22 The FIRE Movement and NHS Pension Concerns 23:59 Opting Out of the NHS Pension: Pros and Cons 24:26 The Financial Benefits of Staying in the NHS Pension 25:44 Considering Personal Circumstances and Financial Advisors 27:17 The FIRE Movement: Tips and Strategies 28:07 Balancing Income and Expenses for Financial Independence 29:34 The Importance of Having a Financial Plan 34:43 Social Media and Financial Advice for Doctors 40:25 Upcoming Resident Doctor Strikes 44:31 Conclusion and Final Thoughts