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

Doctors: Tax Year Ends Soon

18 Feb 2026 · 2 min

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1:30

In this short video Dr. Andy Agrim, founder of Money Wise Doctor and author of the Money Wise Doctor book, warns UK doctors that the tax year is ending in less than seven weeks and many are overpaying tax due to not using available tax‑saving mechanisms. He presents a concise ABCDE framework to help doctors become tax‑efficient: A – Allowances: ensure full use of pension, marriage, capital‑gains and dividend allowances; B – Business Structure: consider holding income in a limited company and extracting it in the most tax‑efficient way; C – Clawback: avoid the 60% tax trap that kicks in when adjusted net income exceeds £100k (and be aware of the child‑benefit taper above £60k); D – Deductions: claim all allowable professional expenses such as GMC, BMA, indemnity, mileage and other fees; E – Estate Planning: use trusts, life‑insurance policies and other structures to minimise inheritance tax. He emphasizes that the goal is not tax avoidance but preventing over‑payment, and offers a free “tax X‑ray” scorecard for doctors to assess where they may be losing money. He invites viewers to comment for a free copy.

Chapters

Doctors. In just a few weeks, less than seven weeks, the taxi ends. And every year doctors lose thousands of pounds by overpaying tax. Not because you're careless, but because you don't use the system. I'm Dr. Andy Agrim. I'm the founder of Money Wise Doctor and the author of the Money Wise Doctor book. Over the past three years we've helped thousands of doctors avoid costly mistakes and make tax efficient financial decisions. And here is a simple ABCD framework I use. A Is for allowances. Are you fully using all your allowances isa pension, marriage, capital gains and dividend allowances? Most people miss at least one. B Business structure. Should some of your income sit in a limited company? Are you extracting income in the most efficient way? C this is clawback. This is where it gets expensive. The 60% tax trap. Once your adjusted net income crosses 100k, you start losing £2 for every extra £1 you get. And then don't forget child benefit above 60k. But D deductions? Are you deducting all your expenses on professional fees like gmc, bma, indemnity mileage and more allowable expenses go unclaimed in thousands every single year because no one reviews them properly. And E Estate planning Is your life insurance in the Trust? Are your assets structured efficiently for inheritance tax? So this is not about avoiding tax, it's about not overpaying. Look, I've made a simple tax X ray scorecard to help UK doctors check areas where they may be leaking taxes. It's totally free. Comments? Call below and I'll send it to you for free. All right then.