A short YouTube segment by Ndubuisi 'Andy' Egwim warning healthcare professionals (doctors) that earning over £100,000 can trigger loss of personal tax allowance—resulting in an effective tax rate of about 60% once income reaches roughly £125,000—and offering a 10-point checklist guide to avoid this trap.
£100,000
About £125,000
About 60%
45%
Have you fallen into the 60% tax trap as a doctor healthcare professional, without even knowing? You know, you think the highest tax you can pay is 45%. But here how it works. If your income exceeds 100,000, you start to lose your personal tax allowance, and by the time you hit about 125,000, you've lost your entire tax allowance. This means you're paying an effective tax rate of 60%. Now, if you if it's something you've never thought about, or you're worried you're not sure how to navigate it, you're in luck. Because I've written a very clear guide with a 10 point checklist that you can use to avoid the 60% tax trap.
