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Ep 339: These tax tips can save Doctors £THOUSANDS in tax
You could save £thousands with our free guide - https://medicsmoney.co.uk/free-guide/ In this episode, Ed GP, chartered accountant and tax advisor) and Andy Pow (specialist medical accountant with 30+ years advising doctors) break down everything employed NHS doctors need to know about claiming tax relief on their work expenses — including the latest changes following the BMA–government agreement. What's covered: Which expenses qualify for tax relief: GMC fees, BMA membership, medical defence/indemnity, Royal College fees, NHS pension contributions, and eligible travelThe HMRC "wholly, exclusively and necessarily" test — and why it rules out CPD, conferences, and courses like ALS/ATLSHow much you could get back: up to 40% of qualifying expenses if you're a higher-rate taxpayerClaiming for up to 4 previous tax years — you can go back to April 2022New for English resident doctors: Exam fees reimbursed from April 2026; Royal College membership and portfolio fees from April 2027 — and what this means for your tax claimHow to make a claim via your HMRC Personal Tax Account (and the new step you can't miss to actually receive your refund)When you need to file a Self Assessment return instead Download the Medics' Money Doctor's Tax Rebate Guide (30,000+ downloads) — link above. Want the latest financial tips for doctors and exclusive invites? Join 71,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ Want to find out more about our other courses? www.medicsmoney.co.uk/courses Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results. Mentioned in this episode: Start Investing Here Personal Investing: https://investengine.com/affiliate-welcome/?utm_medium=Affiliate&ut m_source=Medics Money&utm_content=Podcast Business Investing: https://investengine.com/affiliate-business-welcome/?utm_medium=Af filiate&utm_source=Medics Money&utm_content=Podcast
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