Dr. Andy Egwim, an NHS GP and financial advisor, breaks down how the UK autumn budget affects doctors, business owners, landlords, and savers. National Insurance rises for employers, dividend tax increases, and pension contribution rules change. He's updated his book and has a full breakdown on his blog.
If last year's Halloween budget felt brutal, the autumn budget just released yesterday was an uppercut to the financial future of millions of hard working professionals across the uk. And look, I don't say that lightly, because yesterday's budget, it confirmed changes that hit a lot of people. NHS doctors and healthcare professionals, high earning professionals, locums, limited company directors to small business owners and even landlords, like small landlords, savers and anyone relying on salary sacrifice, cash, ISAs or dividends. And for many people, these changes arrive quietly. But they cut quite deeply. If you're new here, I'm Dr. Andy Egwim. I'm the founder of MoneyWiseDoctor.com I'm a former salaried NHS GP and I've been an investor for 21 plus years. Moneywise Doctor has helped over 6,000 doctors and healthcare professionals make smarter financial decisions and avoid costly mistakes. Over the last 24 hours, I've gone line line through yesterday's budget and I've been updating multiple sections of my new book, the Money Wise Doctor, so that the first print actually reflects the new rules. Today, I'm breaking down what has changed in this new budget, what it means for doctors, NHS staff and business owners, as well as what you should consider doing next before these changes trap you financially. And you can head over to moneywisedoctor.com to read the full blog.
