Ep 312: Q&A - Parents' Tax Trap, VAT on Botox, and Limited Companies

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.