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

Professional Expenses Are Only One of Five Tax Areas — Here Is What Most Doctors Miss

24 Aug 2026 · 1 min

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1:10

In this segment, Ndubuisi 'Andy' Egwim explains that professional expenses are just one component of a broader tax‑efficiency system he calls the ABCDE Tax X‑ray, designed specifically for doctors. He outlines the five pillars: A – Allowances (using all legitimate tax allowances and wrap‑ups); B – Business Structure (optimising any non‑NHS income); C – Clawbacks (avoiding loss of personal allowance, child‑benefit clawbacks, and the 60% tax trap); D – Deductions (the professional expenses and other reliefs discussed in the video); and E – Estate & Exit Planning (protecting wealth, handling inheritance tax, and planning for leaving the UK or death). He stresses that focusing on a single £1,000 relief can miss far larger savings across the other areas.

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But before you go, there's something else I want you to understand. Professional expenses are only one small part of tax efficiency. In fact, what I've just shown you fits into just one of the 5 areas in a system I use with doctors called the ABCDE Tax X-ray. A, allowances. Are you using the tax allowances and wrap-ups legitimately available to you? B, business structure. If you have income outside your NHS employment or your regular work, is this structured appropriately? C, Clawbacks, things like child benefits, loss of your personal allowance, and the notorious 60% tax trap. How do you avoid them? And of course, D, deductions, tax reliefs. That's the area we've just been walking through in this video. Professional expenses and other legitimate reliefs you may be overlooking. And of course, there's E, estate and exit planning. What happens to all this hard work you've been doing, the wealth you spent your career building, and what happens if you eventually leave the UK or even when you pass on? What happens with your family and inheritance tax? So these are 5 areas because you could successfully just claim £1,000 in tax relief, but you might be losing far much more in other areas.