Basic Tax Planning for Medical Professionals

Paying tax is an unavoidable part of life but there are various ways you can avoid paying too much.

Whilst calculating and paying the right amount of tax may be the domain of your accountant, tax planning advice can be done in conjunction with a financial adviser.

For doctors and dentists, in particular, there are a number of key areas of tax that need to be properly addressed.

Are You Paying Too Much Tax?

Depending on your earnings and the rotational nature of your work, issues can arise concerning your tax code.

If you have an incorrect tax code, you could be due a tax rebate or, worse case scenario, you could owe tax. If a problem is not addressed, it can often escalate in magnitude unnecessarily and potentially lead to higher costs.

Many doctors are also unaware that they can claim expenses, including previous year’s expenses if they haven't been claimed to date.

Basic Tax Planning with Legal & Medical

With our specialist knowledge of your profession combined with our understanding of your whole financial portfolio, we at Legal & Medical can expertly advise you on how you can ensure you don't pay too much tax and instead, take full advantage of the tax saving opportunities available to you.

Whether it’s maximising your annual pension contribution allowance, investing in an ISA or minimising any capital gains tax you pay, we’ll look at the appropriate tax efficient investment options and retirement planning vehicles that work best for you and your individual circumstances.

To find out how Legal & Medical can help you optimise your tax position, contact us today or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The Financial Services Authority do not regulate tax advice or estate planning. The tax reliefs referred to throughout this website are those currently applying in the United Kingdom to UK Tax Residents. These tax reliefs are liable to change. The value of any tax relief available will depend upon the individual circumstances of the taxpayer.