It's spring and the time of year many of us spring clean our house. Why not spring clean your finances too with these 5 essential financial checks.
1. Claim your tax back
If you haven’t claimed previously, you can go back 4 years. With your GMC subscription alone being over £400 per annum, this can amount to a rebate of £160 for each year - a good return for an hour’s work!
2. Check your tax code
If the tax code on your payslip is reading 000BR or simply BR, you’re on an incorrect tax code. Depending on your earnings, you may be owed tax or, worst case scenario, you could owe the taxman.
3. Check your NHS pension
It’s well worth periodically checking that the Agency holds correct details of your service history. You don’t want to find that, at age 60, they missed one of your rotations.
4. Check your income protection
The contract should reflect your income and, most importantly, cover you under your own occupation. The cost is less than most people think too.
5. Get a financial check
If you work hard to earn your money then it’s worthwhile investing an hour to check that your money is working for you.
A good financial adviser will have an in-depth knowledge of your career progression and the NHS benefits package.