Medics Money podcast – Details, episodes & analysis

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.

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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.

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

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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.

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

Robbie, one of our listeners, joins Tommy today to talk about everything he's learned from Medics' Money and his own financial plan.

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Music credit: MetzMusic on YouTube.

Tommy and Ed were lucky enough to be invited onto the Century Plan Podcast recently with Sarah Steele and Dennis Hall.

 

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Check out the Century Plan Podcast here --> https://yellowtail.co.uk/the-century-plan-podcast-human-behaviour-and-financial-planning/

Music credit: MetzMusic on YouTube.

Sign up for our upcoming GP Partnership Course here: http://www.medicsmoney.co.uk/gpcourse

Join us in this insightful episode where we chat with Dr. Hannah Robbins, a GP partner who shares how she revolutionized her practice by utilizing effective systems and processes. She discusses reducing her daily administrative workload, claiming £18,000 in extra income without additional work, and applying the Team Sky marginal gains approach to improve practice operations. Learn about her journey from anesthetist to GP partner, leveraging her side hustles, and the significance of networking, finance management, and embracing change for career growth.

00:00 Introduction to Today's Podcast

01:47 Meet Dr. Hannah Robbins

02:20 Journey to Becoming a GP Partner

05:02 Innovative Systems and Processes

07:25 Impact of MedicsMoney Course

08:34 Financial Insights and Community Benefits

15:13 The Power of Networking and Mentorship

18:16 Advice for New GP Registrars

20:04 Final Thoughts and Wrap-Up

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Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!

Original Episode: https://www.youtube.com/watch?v=8JubSp4dn-Y

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Want to stay up to date with the latest financial information for doctors?

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Music credit: MetzMusic on YouTube.

Tommy is joined by TikTok legend Steve Nichols today, sadly without a Hawaiian shirt, to talk through 14 of your most asked questions.

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Music credit: MetzMusic on YouTube.

 

Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew!

Original Episode: https://open.spotify.com/episode/7qCWyVE9iyYvnGv7FxaBw8?si=a8507e1d96b3492e

Subscribe to our YouTube:

https://www.youtube.com/@MedicsMoney

Want to stay up to date with the latest financial information for doctors?

Join 40,000 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

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Music credit: MetzMusic on YouTube.

Cyra welcomes back RBP to the podcast by talking with Kate Perry all about GP Practice Structures.

Want to stay up to date with the latest financial information for doctors?

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Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here

https://www.medicsmoney.co.uk/ebook/

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Music credit: MetzMusic on YouTube.