Category: Financial advice

Nine tasks for sessional GPs to prioritise before the end of the tax year 2020/21

What is income protection?

Income protection is a policy that provides GP locums with a replacement income if they are unable to work because of injury or illness. Kirsty McGaun explains how it works, and explodes a few old myths

Financial advice

Tax-free  childcare (TFC) scheme during Covid-19

If you or your spouse/partner have ‘adjusted income’ under £100,000 in this tax year, you may be entitled to support under new rules

Death-in-service benefits from the NHS: Are you returning to work due to COVID-19?

Find out about the death in service benefit, and private options available to GP locums returning to work during lockdown

Parental benefits

The New Year seems an appropriate time to think about new babies, so here we consider some money matters you might need to think about.

Working  until i’m 67

Many of us are looking down the barrel of our ‘normal retirement age’ being 67. A chilling thought. One that drops to freezing when you think about how you’re going to finance the gap between when you want to retire and when you can actually afford to retire.

Planning for  university fees

Are university fees looming in your household? Maybe your teenager is already collecting their belongings together ready to start their next chapter in life as a student.

Mortgage tips for  GP locums

Despite the weirdness that is Brexit, the traditional increase in the number of new mortgage applications in springtime continues. There are plenty of decent rates out there, particularly fixed rates. But what if you are a locum?

Does the NHS pension scheme still represent good value for money?

Just how good is the NHS pension scheme, anyway? Our advice on why GP locums should take a closer look at the 2015 scheme

Five financial tips  for GP locums

Being a locum has many advantages: greater flexibility, autonomy and variety. But there are some disadvantages too: peaks and troughs in income, difficulties with getting a mortgage and uncertainty about your financial situation if you fall ill or die, to name just a few.