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

Don't Overpay Tax, Fix Your Tax Code Mistake Now!

16 Dec 2025 · 1 min

Watch on YouTube

1:12

A short YouTube advice video by Ndubuisi 'Andy' Egwim urging viewers to check their UK tax codes to avoid overpaying. Andy explains how to check payslips or HMRC accounts, warns about emergency or incorrect product codes (an example: a paediatric consultant over six years), notes you can claim up to four years back, and highlights the personal allowance taper where earning over £100,000 reduces allowance (£2 of allowance lost per extra £2) leading to an effective 60% tax rate by about £125,140. The video promotes a downloadable step-by-step PDF and companion video to help claim refunds.

Questions this video answers

Four years

April 5

Six years

About £125,140

For every extra £2 earned above £100,000 you lose £1 of your tax-free allowance (personal allowance taper).

Chapters

Most people never even check their tax code, but this is one simple mistake that could mean you're overpaying tax every single month. How to fix this? Check your latest payslip or HMRC account online if your tax code looks wrong. If you're seeing funny codes like do emergency tax codes, contact HMRC or speak to an accountant to get it corrected before April 5th. Example is a pediatric consultant in our community who found out that for six years she was being paid using the product code and when she corrected it she got refunded several thousands of pounds. It pays to check. This could add up in several thousands of pounds, especially when you consider the fact that you can actually claim four years back, including the current taxes. So don't wait till April five. Fix it now. If you're not sure how to start, we made a simple step by step guide with PDF you can download with an accompanying video. It can help you claim several thousand of pounds back. That means that for every extra two pounds you earn above that 100,000, you lose one pound from your tax free allowance and you'll be paying an effective tax rate of 60% by the time you hit 125140. That's the magic number. You've lost all your tax free allowance and paying an effective rate of 60%.