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

UK Doctor Paid £100,000 in Tax Last Year — This Is Why It Happens

4 Jun 2026 · 1 min

Watch on YouTube

1:22

In this monologue Ndubuisi “Andy” Egwim explains why many UK doctors earning £100k‑£250k end up paying around 50% of their income in tax. He attributes the loss to a lack of financial systems, intentionality, and strategic planning – money simply flows in and out without compounding. Egwim warns against trying to “catch up” with peers through risky, speculative avenues such as crypto hype, trading, or other short‑term schemes, noting that hundreds of doctors he’s spoken to have suffered when they attempted to make up for perceived lost time. Instead, he advocates a deliberate, long‑term approach: clear goal‑setting, debt repayment, disciplined saving, diversified investing, pension contributions, ISAs, and tax‑efficient structures, all applied consistently over years to build genuine financial freedom.

Chapters

I've met doctors, senior doctors, earning £100K, £150K, £200K, £250K, who still leak taxes, more than half of it. I've had a doctor who said, I paid almost £100,000 in taxes last year. That was about 50% of our income. But because they have no system, no clarity, there's no intentionality behind it, there's no strategy, so the money comes in, it goes out, years and years, and it's disappearing, and it's not compounding, it's not growing. And that's far more common than most people realize because we don't even stop to think about it. Now let me just share this thing that is important. You Your goal is not to catch up emotionally. Don't try to catch up with your old schoolmate. That's where people make dangerous decisions. Your goal is to make your own plan and work according to it, okay? So that you don't start falling into fly-by-night schemes, crypto hype, trading nonsense, speculation, start trying to make up for lost time by taking unnecessary risks. Now, that usually ends up badly. I know that from having spoken to hundreds of doctors who have found themselves in some hairy situations like that. The goal is to become intentional, to have a clear strategy, to have a clear plan. You become intentional with depth debt repayment if you have debt, saving, investing, pensions, whether it's ISAs, tax efficiency, and even enjoying your income. Okay, so having a plan in place, because financial freedom is rarely built through one magical investment. It's usually built through a well-designed system repeated consistently for years where you're not leaking.