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Navigating Financial Challenges: Insights from Women Accountants in Healthcare

In this special episode of the Medics Money Podcast, host Cyra takes over Women's Week to celebrate International Women's Day. Joined by Melanie Thomas, an experienced accountant, they delve into the financial behaviors and challenges faced by NHS consultants and GPs, with a focus on gender differences. They explore why male consultants are more likely to venture into private practice, the prevalence of part-time roles among female GPs, and the inherent gender pay gap. The discussion also covers risk appetite in investments and the broader implications of family responsibilities on women's financial decisions. Tune in for in-depth insights and actionable advice to achieve financial equality in the healthcare profession.

00:00 Introduction to Women's Week
00:28 Meet Melanie Thomas: Accountant for Doctors
01:05 NHS Consultants: Gender Differences in Private Practice
03:16 Female GPs: Family-Friendly Roles and Gender Pay Gap
06:06 Investing Behaviors: Risk Appetite and Tax Saving
08:43 Balancing Family and Career: The Hidden Workload
10:10 Empowering Women in Finance
12:07 Conclusion and Upcoming Topics

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.