20th February 2023 by Liz Densley, Honey Barrett
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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In its analysis the BBC speculated over lower pension tax relief, higher fuel duties and a possible capital gains tax hike.
Thousands of GPs’ pension records ‘missing’ under Capita, BMA alleges
A new campaign against ‘out of date and inaccurate pension records’ focuses on ‘missing years’.
What to do if you’ve overpaid tax – McCloud calculator
How to use HMRC's new tool.
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