28th January 2022 by Liz Densley, Honey Barrett
Work pressures for GPs are continually mounting and finding the time or energy to manage your own finances can seem impossible.
However, if you do not put away funds for tax/NIC/student loan etc as you go, you can end up receiving impossible demands for your money.
In addition, there is the risk of your own ill-health and having to find a way to cope financially with no income.
Podcast: Starting out with GP locum accounts with Tori Ferguson
Get advice on how to register, what to record and how to deal with concerns about issues like IR35 with Tori Ferguson, tax manager at Honey Barrett (honeybarrett.co.uk).
GP locums urged to register with HMRC by 5 Oct
Any GP earning over £1,000 in self-employed income must file a tax return.
Video: Starting out with GP locum accounts – Tori Ferguson
Ten key points to help locum GPs successfully manage their self-employment status plus a Q&A on HMRC fraud and IR35.
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