Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/heres-what-the-uk-government-are-doing-to-the-finances-of-dentists-with-eddie-crouch

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The financial squeeze on UK dental practices has reached critical levels, with Eddie Crouch, chairman of the BDA, revealing that recent budget changes alone are adding approximately £14,000 in annual costs to the average practice. This sobering reality frames our conversation about the current state and future of dentistry in Britain.

While private practices can adjust fees to accommodate rising costs, NHS practices find themselves in an increasingly untenable position. The much-touted 6% pay uplift from the government masks a troubling reality – practice expenses are calculated using a government "GDP deflator" of just 1.68%, while actual dental practice inflation runs closer to 14%. As Eddie explains, this disparity has contributed to a 30% drop in NHS dentist income over the past decade, pushing many to reduce their NHS commitment or exit completely.

The podcast takes us behind closed doors into Eddie's conversations with MPs across the political spectrum, revealing surprising insights about how politicians perceive the dental crisis. With only 3% of practices currently accepting new NHS patients and approximately 13 million people unable to access NHS dental care, some newly elected MPs in marginal constituencies believe their re-election prospects hinge on addressing this issue. Despite this growing awareness, meaningful policy changes remain elusive.

We explore various potential futures for NHS dentistry – from focusing exclusively on children's care to providing only emergency services or limiting care to those who cannot afford private treatment. Eddie offers a candid assessment of these options while discussing the changing business models in dentistry, including the rise of corporate ownership and the shifting balance of power between practice owners and associates.

Don't miss our exciting announcement about free verifiable CPD now available for UK dentists listening to this episode. Simply follow the link in the description to complete a short questionnaire and receive your certificate, helping you meet your professional development requirements while staying informed on critical issues facing our profession.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/what-the-spring-budget-means-for-dentists-with-david-hossein

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Chancellor Rachel Reeves's spring statement brought limited changes, but dental practices still face significant financial shifts from April 1st stemming from October's budget announcements. Specialist dental accountant David Hossain breaks down exactly what dental professionals need to know right now.

The increasing cost pressures on dental businesses deserve close attention. With employer National Insurance contributions rising by 1.2% and the National Living Wage jumping to £12.21 hourly, practice owners face immediate decisions about pricing structures and operational expenses. Meanwhile, those considering practice sales should take note of the Business Asset Disposal Relief tax rate climbing from 10% to 14% on the first £1 million of proceeds - a change triggering a flurry of transactions before the April deadline.

Beyond these immediate concerns, dental professionals should prepare for expanding HMRC enforcement activity. Random practice inspections are becoming more common after years of relative quiet, while late payment penalties increase to 10%. Making Tax Digital also moves forward despite delays, eventually requiring quarterly accounting submissions. With economic growth forecasts halved to just 1% and government welfare cuts expected to push 250,000 people into poverty, the broader economic environment presents additional challenges for dental businesses.

Want to turn listening into learning? We're excited to announce that this episode offers free verifiable CPD to all UK dentists. Simply click the link in our description, complete the questionnaire, add your reflections, and we'll email your certificate. Stay financially informed while meeting your CPD requirements - subscribe now for more essential insights that protect and grow your dental business.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/mortgage-bulletin-for-dentists-with-sarah-grace

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The mortgage landscape for UK dentists is shifting dramatically in 2024. Sarah Grace, a specialist mortgage broker to dental professionals, breaks down what you need to know right now about your most significant financial commitment.

The recent Bank of England decision to hold interest rates at 4.5% signals caution amid ongoing economic concerns. Sarah explains why experts anticipate possible rate reductions around August, potentially reaching 4% by year-end, while clarifying the crucial distinction between Bank of England decisions and the swap rates that determine fixed mortgage costs.

For many dental professionals, this year brings significant financial adjustments as the "bumper year" for fixed-rate expirations continues. If you're transitioning from a low fixed rate secured years ago, prepare for potential payment increases as rates have climbed substantially. Sarah guides us through practical considerations and timing strategies to minimize financial impact during this transition.

Perhaps most urgently, first-time buyers face a critical April 1st deadline when stamp duty thresholds revert to £300,000. This represents a substantial financial hit for dental professionals purchasing above this price point - with one client potentially facing an additional £11,000 tax bill if missing the March deadline. Understanding these imminent changes is essential whether you're refinancing, buying your first practice property, or expanding your portfolio.

Are you making the most informed decisions about your mortgage? Listen now, and don't forget to claim your free verifiable CPD by completing the short questionnaire through the link in our description!

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/the-most-important-part-of-your-investing-strategy-with-luke-hurley

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Ever feel like you're on a financial treadmill, working harder and accumulating more without a clear destination in mind? You're not alone. While most investors obsess over stock picks and portfolio diversity, they're missing the crucial first step that truly determines financial success.

Financial advisor Luke Hurley joins us to reveal why defining your vision should come before any investment decisions. He shares three powerful principles that form the foundation of effective financial planning: time as our most precious resource, happiness as our ultimate goal, and money as merely a tool to enable our best life.

The conversation explores how to discover your financial "why" by asking deeper questions about what truly matters to you. Luke guides us through setting meaningful milestone goals and calculating your personal "number" for financial independence—that sweet spot where you work because you choose to, not because you have to.

The statistics are eye-opening: 77% of UK adults don't know how much they need for retirement, while only 20% feel confident they're saving enough. For dentists and high-earning professionals, the insights are particularly valuable—you might already have enough to retire but haven't realized it because you've never defined what "enough" means to you.

We examine the limitations of conventional retirement calculations like the 4% rule and challenge common assumptions about pension strategies. Luke explains why proper planning might mean preserving pension assets for inheritance rather than early withdrawal—a counterintuitive approach that could significantly benefit your financial legacy.

Ready to align your money with your true values? Listen now to discover your financial vision—and don't forget, UK dentists can earn free verifiable CPD by completing the questionnaire in the episode description. Transform your relationship with money by first understanding what it's really for.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/why-labour-could-be-targeting-dentists-with-mike-bryan

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Could your dental practice be in HMRC’s sights? With 5,000 new inspectors targeting small businesses, dentists are a prime focus as Labour looks to close the £40 billion tax gap.

In this episode, Mike Bryan explains how upcoming tax changes — like Making Tax Digital — could increase your admin load and what steps you can take to stay compliant while minimising your tax bill.

Don’t get caught out — tune in now and claim your free CPD.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/how-to-invest-via-ltd-company-with-luke-hurley-and-anick-sharma

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Got extra cash sitting in your dental company? Leaving it there means inflation eats away at it but taking it out comes with a hefty tax bill. So, what’s the smart move?

In this episode, financial pros Anick Sharma and Luke Hurley break down how to invest through your Ltd company — covering intercompany loans, holding companies, and whether property or stocks are the better bet.

If you’re a dentist looking to make your company’s money work harder, this one’s for you. Tune in.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport

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What if your dental practice could run itself while you work just one day a week? Dr. Hema Dhingra shares how she transformed from an associate to a thriving practice owner, tripling turnover and building a self-sustaining business all while balancing motherhood.

She reveals the mindset shifts, leadership strategies, and culture-building techniques that helped her scale from three dentists to a multi-specialist team proving that practice ownership doesn’t have to mean burnout.

Thinking of buying a practice? This episode is packed with insights to help you make it happen!

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport

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What makes two young dentists take the plunge into practice ownership at just 25? James and Katy Nolan share their journey of launching a squat practice—combining ambition, a bit of naivety, and a whole lot of determination.

They open up about the highs, the hurdles, and the lessons learned along the way, from building patient trust with minimal marketing spend to balancing business with their personal relationship.

If you’re thinking about starting your own practice (or just love a good success story), this episode is a must-listen!

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport

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Gold has fascinated investors for centuries, but is it still a smart move today? In this episode, we break down the ins and outs of gold investment and why it holds value, how it compares to paper assets, and how you can add it to your portfolio.

We explore four key ways to invest: owning physical gold, buying gold mining stocks, investing in gold ETFs, and even spread betting. Each comes with its own risks and rewards, and we’re here to help you navigate them.

If you’re looking for a hedge against economic uncertainty, gold might just be your answer. Tune in to find out how to make it work for you!

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/isas-vs-pensions-heres-what-dentists-need-to-know-with-anick-sharma

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Ever felt lost in the maze of ISAs and pensions? You’re not alone. Many dentists struggle with deciding where to put their money for the best returns. In this episode, financial expert Anick Sharma breaks down the key differences, helping you make informed choices about your financial future.

We dive into ISAs and how they offer tax-free savings, the different types available, and how they fit into short- and long-term plans. Then, we tackle pensions, unpacking the tax relief benefits that can supercharge your investments over time. So, which should you use? ISAs, pensions, both… or neither?

Tune in for clear, no-nonsense guidance on maximising your savings and making your money work harder for you.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

Send us a text