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Ep 234: 2024 Budget Predictions - Which taxes will rise? CGT, Pensions tax, IHT and more
Predicting the 2024 Budget: Insights for Medics and Professionals
In this episode of the MedicsMoney podcast, Dr. Tommy Perkins and Dr. Ed Cantelo discuss the potential changes in the upcoming budget by Labour Chancellor Rachel Reeves. They delve into the implications of a £22 billion black hole on the economy, explore possible tax adjustments, and debate the future of capital gains tax, pension tax relief, and inheritance tax. The episode also includes insights into effective financial planning for doctors, emphasizing the importance of early action on ISAs and private pensions. This podcast is aimed at helping medical professionals navigate potential financial changes and make informed decisions.
Want the latest financial tips for doctors and exclusive invites? Join 56,000 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: https://www.instagram.com/medicsmoney/
Follow us on Twitter: https://x.com/medicsmoney
00:00 Introduction to the Upcoming Budget
00:21 Meet the Hosts and Their Summer Adventures
02:27 Discussing the Labour Government's 22 Billion Pound Black Hole
04:06 Current High Tax Burden and Predictions
09:36 Potential Changes in Capital Gains Tax
17:40 Speculations on Pension Tax Relief
24:21 Inheritance Tax and Other Speculations
33:28 Final Thoughts and Financial Advice
42:25 Conclusion and How to Stay Updated
View all episodes
By Medics MoneyPredicting the 2024 Budget: Insights for Medics and Professionals
In this episode of the MedicsMoney podcast, Dr. Tommy Perkins and Dr. Ed Cantelo discuss the potential changes in the upcoming budget by Labour Chancellor Rachel Reeves. They delve into the implications of a £22 billion black hole on the economy, explore possible tax adjustments, and debate the future of capital gains tax, pension tax relief, and inheritance tax. The episode also includes insights into effective financial planning for doctors, emphasizing the importance of early action on ISAs and private pensions. This podcast is aimed at helping medical professionals navigate potential financial changes and make informed decisions.
Want the latest financial tips for doctors and exclusive invites? Join 56,000 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: https://www.instagram.com/medicsmoney/
Follow us on Twitter: https://x.com/medicsmoney
00:00 Introduction to the Upcoming Budget
00:21 Meet the Hosts and Their Summer Adventures
02:27 Discussing the Labour Government's 22 Billion Pound Black Hole
04:06 Current High Tax Burden and Predictions
09:36 Potential Changes in Capital Gains Tax
17:40 Speculations on Pension Tax Relief
24:21 Inheritance Tax and Other Speculations
33:28 Final Thoughts and Financial Advice
42:25 Conclusion and How to Stay Updated
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