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

Stuck in the 60% Tax Trap? Here Is Exactly What to Do Next

8 Jul 2026 · 1 min

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1:09

In this short tutorial, the speakers explain how individuals stuck in the UK’s 60% tax bracket can lower their adjusted net income by claiming tax relief on eligible professional expenses. They list claimable items such as professional fees, exam fees, work‑from‑home costs, equipment, unreimbursed conference and travel expenses, and note that HMRC will adjust the taxable amount (e.g., from £6,000 to £4,000 after relief). They then describe the filing options: if the relief amount exceeds £2,500, it must be claimed via a Self‑Assessment tax return; if it is below that threshold, the P‑87 form is used. Finally, they advise opening a SIP (Stocks and Shares ISA) account as the next financial step after the tax relief claim.

Chapters

In a nutshell, if you find yourself in 60% tax trap, you can claim tax relief on your professional expenses to reduce your adjusted net income.
So first and foremost, we have to see how much we can claim back with tax relief. You can claim back all the professional fees, your exam fee, and then your— if you're working from home, or your usual things for work like your equipments and stuff like that. There's a set amount for all those things. Or any conferences that you have paid which you have not been reimbursed from your trust, or like travel allowances, all exam fees. So all those things we can get the relief. So that whenever HMRC says— so say for example, in my case it was £6,000, but then HMRC again owes me from all those tax years that are the tax relief that I have claimed for the system because they've adjusted to £4,000 now. So now what I can do is the next step would be for me to— that I can claim via self-assessment. So self-assessment, if it is more than £2,500, if it's less than £2,500 you have to do the P-87 form. So our next step would be for to open a SIP account.