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An NHS payslip breaks down your gross pay, deductions, tax codes, and pension contributions. It basically shows how your final take-home pay is calculated. If you understand these sections, it will help you ensure that
If you are an NHS consultant, a busy GP partner, or a high-earning locum, you have likely heard stories about the dreaded NHS doctor tax trap. The 60% tax trap catches thousands of doctors every year.
A doctor’s payslip often seems confusing. Lots of lines and lots of numbers that no one ever explained to you what they mean. So here we are going to explain what the different parts of
Individual Savings Accounts for doctors are tax-efficient accounts that can hold cash or investments without income tax or Capital Gains Tax on returns. For the 2026/27 tax year, doctors can put up to £20,000 into
UK doctors can claim tax back on mandatory professional fees, royal college exam costs, medical equipment, and business travel. Doctors claim tax refunds on work expenses paid out of their own pocket, deducting them directly
Starting a locum GP career can give you more control over your working life. But it also means taking responsibility for areas that an employer would usually manage for you. Whatever your reason is for
Running a dental practice is a lot harder than it looks from the dental chair. One minute you’re focused on patients and treatment plans, the next you’re dealing with payroll, CQC inspections, associate contracts and
Yes, doctors need accountants, especially if they have multiple income streams, do locum work, or run a private practice. This is because things can become complicated quite quickly when you add locum shifts, private patients,
Doctors do not typically receive lower interest rates, but they have access to specialised “Professional Mortgages”. For doctors, specialist lenders will use 5 to 6 times your income instead of the standard 4 to 4.5
How to pay yourself as a clinic owner depends mainly on how your clinic is structured. If you run a limited company, the smartest method you can take is to combine a low salary with
For most high-earning healthcare practitioners, moving from a standard sole proprietorship to a corporate or specialised legal structure is the most effective way to protect income from high tax brackets. If you’re a doctor, dentist,
Specialist tax advisors for medical professionals are accountants who focus specifically on doctors, dentists, GPs, surgeons, nurses and other healthcare workers, rather than general practice clients. For medical professionals, they matter. Because a specialist understands