How GP locums can prepare for the end of the tax year

20th February 2023 by Liz Densley, Honey Barrett

How GP locums can prepare for the end of the tax year

Personal allowance

If your income is on the borderline of £100k (when you start to lose personal allowances) consider if it would be better to take some holiday before 5 April rather than earn income that is taxed at 60%. When you take pension, tax, NIC and student loan repayments into account, you could take home less than a quarter of your gross fee.

Also, if you hit £100k you will lose your tax-free childcare. So that extra session could be very expensive.

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