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Protecting your biggest asset – You!

Written by Wesleyan Medical Sickness.

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As a junior doctor, it could be easy to dismiss the prospect of being unable to work because of illness or injury as something that only happens to older colleagues. However, as a doctor, you know anyone could be struck down by illness and be unable to work at any time of their life – with the risk obviously increasing if they are working in dangerous places – which could have serious implications for their finances. 

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What to consider when taking out a personal loan

Written by Wesleyan.

Over the coming years, you may find you need to take out a personal loan. This could be for a number of reasons, such as buying a car, going on holiday or making improvements to your home.

There are plenty of lenders out there who may be prepared to let you borrow money, but it is important to do some research first to make sure you get the best deal that is right for you.

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RSM Young Trainee 2013

Written by JuniorDr.

Dr Sayan Sen has been named the 2013 winner of the Wesleyan RSM Young Trainee of the Year. Sayan, who works at Imperial and specialises in Cardiology was the overall winner against 50 other doctors, already RSM prize winners within their respective specialties.

Sayan was shortlisted alongside five other doctors, representing a variety of medical fields from across the country. Each of them had to make a detailed presentation on their specialist subject to a panel made up of eminent medical professionals including Professor Parveen Kumar, Professor John Betteridge, Dean of the Royal Society of Medicine and Ben Attwood President of Wesleyan Medical Sickness’ Junior Advisory Board.

 

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Climbing on to the property ladder

Written by Wesleyan.

Whether you’re thinking about climbing onto the housing ladder for the first time, gradually moving up it or buying a property as a buy-to-let investment, it is important to get the right kind of mortgage to suit you and work out the best way to repay it.

CHOOSING A MORTGAGE

There are a variety of mortgages available and the size of the loan, the deposit you’ve saved, your income and other personal circumstances will all play a part in which one you choose.

 

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Protecting your finances from harm

Written by Wesleyan Medical Sickness.

piggy-bank-umbrellaAs a junior doctor, it could be easy to dismiss the prospect of being unable to work because of illness or injury as something that only happens to older colleagues. However, as a doctor, you know anyone could be struck down by illness and be unable to work at any time of their life, which could have serious implications for their finances.

This is why an income protection policy should be an integral part of any financial plan right from the start of your career, as it will enable you to maintain your standard of living should anything happen to you.

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Keeping your finances healthy for 2013 and beyond

Written by Wesleyan Medical Sickness.

piggy-bank-santaAfter the excesses of Christmas, millions of people resolve to live a more healthy lifestyle in the New Year. As well as your physical wellbeing, this is also a good time to look at the health of your finances.

Reduce debts

The key to any New Year's resolution is starting well and there is little point in having savings if you are in debt – the interest you earn on your savings may be less than you pay on your debts.

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Kick start your savings habit

Written by Wesleyan Medical Sickness.

saving piggy bankAs a junior doctor, your finances may not be in the best of health with loans, overdrafts and credit cards to pay back. While saving may not be a priority at the moment, as you move through your career and start earning more, it will become increasingly important.

It is also worth noting that research carried out by Wesleyan Medical Sickness showed 41% of doctors wished they had started putting money away earlier in their career, so it is never too early to start.

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The Quack Guide

Written by Wesleyan Medical Sickness.

yellow-duckShiv Chopra is a member of Wesleyan Medical Sickness' Advisory Board. He is currently in his first year as a Core Surgical Trainee in London, working at the National hospital of Neurology and Neurosurgery.

As if that wasn't enough, Shiv is also the owner and creator of 'The Quack Guide', the UK's first and only independent guide to foundation hospitals for students and junior doctors.

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What’s happening with your pension?

Written by Ian Morgan.

pension-piggy-bankThe last 12 months have seen a number of proposed changes to the NHS Pension Scheme, as well as reductions in the amount individuals can save into a pension tax efficiently. Ian Morgan, National Sales Manager at Wesleyan Medical Sickness, looks at the proposed changes to the NHS Pension Scheme and how they may impact junior doctors.

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Buying your first home

Written by Wesleyan Medical Sickness.

piggy-bank-houseFinancial planning for a new home should begin even before you start looking through the property pages. In this article Wesleyan Medical Sickness gives you guidance on how to plan for your first mortgage.

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Income protection

Written by Wesleyan Medical Sickness.

piggy-liferaftIncome protection should be an essential cornerstone of financial planning. Wesleyan Medical Sickness answers some key questions about income protection policies.

Q: Why do I need income protection?

A: As a doctor, you know better than most that people do sometimes fall ill and are unable to work for long periods of time.

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