This is brilliant, very helpful and clear! Particularly about pay cut due to taxation and income erosion due to inflation. It is shocking that you can take home £17 only out of £100 earned. Only thing I'd say £7.50 lunch would be quite extravagant in hospital canteen. Usually sandwich meal deal goes for about £3.50 to £5 and i found really difficult to make good lunch cheaper at home. However I brew my own coffee at home every day and it saves loads money!
Consultants have been on strike and are also on a pay dispute! Can you do us a youtube focused on family finances please? The cliff edge at £100k where you lose tax-free childcare. How should you save for your kids futures etc?
Yeah we recorded it a while ago and seemingly successfully predicted the future that consultants would also strike😉 We'll definitely do a family finances on TH-cam but in the meantime this will help you with the Tax Free childcare trap www.medicsmoney.co.uk/your-marginal-tax-rate/ and this podcast series www.medicsmoney.co.uk/ep-87-family-finances-how-to-teach-your-kids-about-money-with-will-rainey/
Always well worth a watch! Quick Q on LISA (not for me, too old 😢 but my offspring might benefit....): Does a LISA have to be only one type (eg cash) or could you have a LISA that is part cash, part well diversified passive investment funds? Thanks very much!
![[#2024MAMA] G-DRAGON - 무제(Untitled, 2014)+POWER+HOME SWEET HOME+뱅뱅뱅+FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/Ox29z5Nf1Uk/mqdefault.jpg)
Brilliant, thank you
This is brilliant, very helpful and clear! Particularly about pay cut due to taxation and income erosion due to inflation. It is shocking that you can take home £17 only out of £100 earned.
Only thing I'd say £7.50 lunch would be quite extravagant in hospital canteen. Usually sandwich meal deal goes for about £3.50 to £5 and i found really difficult to make good lunch cheaper at home. However I brew my own coffee at home every day and it saves loads money!
Consultants have been on strike and are also on a pay dispute! Can you do us a youtube focused on family finances please? The cliff edge at £100k where you lose tax-free childcare. How should you save for your kids futures etc?
Yeah we recorded it a while ago and seemingly successfully predicted the future that consultants would also strike😉
We'll definitely do a family finances on TH-cam but in the meantime this will help you with the Tax Free childcare trap www.medicsmoney.co.uk/your-marginal-tax-rate/ and this podcast series www.medicsmoney.co.uk/ep-87-family-finances-how-to-teach-your-kids-about-money-with-will-rainey/
6:45 Consultant rage!
Jokes aside. I totally hate the term "junior" as well.
We agree, awful term!!
Always well worth a watch!
Quick Q on LISA (not for me, too old 😢 but my offspring might benefit....):
Does a LISA have to be only one type (eg cash) or could you have a LISA that is part cash, part well diversified passive investment funds?
Thanks very much!
You can hold cash in a stocks and shares and invest in cash-like instruments such as short dated government paper or money market funds.