Medics Money podcast MDT: Footballers (and doctors) get scammed, how tax traps change behaviour and disaster for GP partners.
Sep 25, 2025
Discover the hidden dangers doctors and footballers face from financial scams, exemplified by the V11 scandal. Learn how current tax policies create traps for high earners, particularly those around £100,000, affecting NHS productivity. The discussion covers speculations about budget changes and their potential consequences on GP partnerships. Emphasis is placed on the importance of financial education, using vetted advisors, and the dangers of high-pressure sales tactics that promise unrealistic returns.
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Mandated Accounts Teach Investing
- Forcing government child accounts into invested index funds teaches long-term investing by default.
- Mandated, untouchable investments avoid early mistakes and demonstrate compounding over years.
Partnerships Could Face Extra NIC
- A report proposes equalising employer NIC on partnership income, targeting partnerships used by higher earners.
- GP partners, solicitors and accountants could face notable extra NIC costs if enacted.
NIC Change Would Raise Marginal Rates
- Applying extra NIC to partners would raise marginal rates by around 7% for higher-rate taxpayers.
- Such changes would alter incentives and could be politically framed as taxing wealthier professionals.