As a busy doctor working in a salaried role within a hospital, it’s tempting to assume that all of your tax and pension requirements are dealt with by your employer under the PAYE system, however there are still things to consider from a financial perspective.
Moore Scarrott Healthcare has the insight and experience to navigate these considerations and more, ensuring you’re in a compliant position while minimising your tax burden.
You may not be having the most appropriate tax code applied to your earnings, you may have professional subscriptions or other earnings to claim for tax purposes, or you may have other income both inside and outside of the medical profession to report to HMRC.
Doctors with children are also likely to be affected by the tax rules surrounding child benefit - this is also an area where a self-assessment return may be required.
In addition, you may need reassurances on your position within the NHS pension scheme and the potential tax charges that may apply. We’re well equipped to deal with NHS pensions on your behalf, leaving you to focus on the provision of high quality healthcare services.
We offer a free initial consultation to assess your personal and family circumstances and to ascertain how you would benefit from our services.
For further information and to arrange a free initial meeting at a time and location to suit you then please email firstname.lastname@example.org
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Developed by our team of experts, the Moore Scarrott Healthcare newsletter keeps you informed with the latest news and insights impacting the financial landscape of the medical sector.