Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

Avoid Child Benefit Tax Trap_ Free Doctor's Scorecard!

9 Aug 2026 · 1 min

Watch on YouTube

1:24

In this YouTube segment, Ndubuisi “Andy” Egwim warns doctors about the High Income Child Benefit Charge (HICBC), which claws back Child Benefit once adjusted net income exceeds £60,000, removing it entirely at £80,000 (1% loss for every £200 over the threshold). He explains that doctors can choose to forgo receiving the benefit while still submitting a claim to retain National Insurance credits, a nuance many overlook. To help doctors identify hidden tax inefficiencies, Andy offers a free “Dr. Tax X‑ray” scorecard, already used by nearly 1,000 doctors, that takes about three minutes to complete, provides a tax‑efficiency score, and gives actionable recommendations. He invites viewers to comment “X‑ray” or follow a link in the description to download the tool, and encourages them to share their scores and improvements.

Chapters

Tax trap number 1: the High Income Child Benefit charge. Okay, if your adjusted net income goes above £60,000, your Child Benefit starts being clawed back. For every £200 above that threshold, you lose 1%, and by the time your adjusted net income reaches £80,000, it's completely gone. You have to pay back, okay, 100%. I've done something to help. I've created a Dr. Tax X-ray scorecard. It's already been used by almost 1,000 doctors to spot areas where they're leaking tax. Because sometimes you don't even know what you don't know. So it will take you 3 minutes and it can walk you through different areas that you might not understand that are leaking tax and you can identify it. It will give you a score at the end and then you see some recommendation of areas you can actually improve your tax efficiency. It's totally free. If you want it, just comment X-ray or check the link in the description to download it for free., and I'd like you to come back and tell me your score or what you've done to improve it. Now, one doctor said something to me that I've never forgotten. He said, I'm losing over £3,000 in child benefit, then I'm paying 40 to 45% tax. What's actually left? Now, here's what many doctors don't realize. If you simply have to repay all the child benefit through high income child benefit charge, you may decide not to receive the payment, and that's a choice, okay? But you may still want to submit the child benefit claim. Why would you want to do that?