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

She Owed HMRC £6,000 — For Simply Working Harder.

6 Jul 2026 · 1 min

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In this video, Ndubuisi “Andy” Egwim explains the UK “60% tax trap” that affects earners with an adjusted net income between roughly £100,000 and £125,140. He details how the personal allowance of £12,570 is withdrawn at a rate of £1 for every £2 earned above £100k, effectively creating a marginal tax rate of about 60% in that band. He also outlines the child‑benefit taper, which begins at £60,000 adjusted net income and is fully lost by £80,000. Egwim points out that many doctors and other high‑earning professionals are unaware of these mechanisms, leading to a feeling that extra work does not increase take‑home pay. The video concludes by promoting the “Scrubs Investing Workshop,” a three‑step program aimed at helping medics invest tax‑efficiently.

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If you earn between £100K and roughly £125,000 in adjusted net income, you are in what we call the 60% tax trap. I've done videos on it here. Even if you earn less than £100K, there are other benefits you can miss out if you don't understand your adjusted net income. For instance, if you earn above £60,000 in adjusted net income, you start losing child benefits, okay? And at some point, at £80K, you've lost everything. Now here's how the 60% tax trap works. For every £2 you earn above £100K of adjusted net income, you lose £1 out of your £12,570 tax-free allowance. Start losing that. By the time your adjusted net income hits about £125,140, the personal allowance is entirely gone. Now the effect is that on every pound earned in that window, you're effectively taxed at around 60%. It feels rough. Most doctors don't even know this is happening. They just feel like their take-home isn't getting any better even though they are working harder, doing some extra sessions. Scrubs Investing Workshop: 3 Steps to Tax Efficient Investing for Medics. Comment Scrubs, you get the link.