@DrHenryinvestor I see thank you. How did you work out how much to put in to reduce the tax bill accordingly. I got hit by a 1.4K bill from 2 years ago. I just paid it. Now I wonder if I should have just done a SIPP.
@DrHenryinvestor I think you should get more single stocks you have conviction in. Have a base in ETFs/Funds. Don’t forget NHSP will cover you too. Don’t invest to just retire, invest forever like Warren Buffet.
@doctorsforjobs@TheBMA With regards to your previous post. You state doctors would like better career progression and training jobs. Whilst that is important, there is also a class of Drs who are trainees. They would like pay restoration. Pay unifies all, so you are at risk of losing trainee support.
@DrHenryinvestor The focus needs to be on both, especially early in your career. Money essentially makes money. Getting to that first 100k is hard so earlier you do it the better.
@williams2mark@timricketts_ What is your issue with resident doctors exactly? From what I’ve seen, consultants still have it very good, we do all the OOH work, ward rounds, understaffed clinics. We run decisions past them, that’s about it. Biggest bang for buck are NHS resident Drs.
@DrHenryinvestor Agree. All have pros and cons tbh. Certainly need to use all 3. Mindful with SIPP when you’re a consultant or higher earner due to 60k limit. You also can’t pass your NHSP to your children, so the money is lost if you die too soon after retirement.
@DrHenryinvestor I agree in terms of the stock market and the various vehicles for it. However UK has clamped down on traditional property type assets. Unless you are doing for commercial property. Even LTD doesn’t offer the same perks as before, with money locked in the company.