You might hear people mention “ISA” and savings, especially during the new year leading up to April. But what is an ISA and how is it relevant to me as a doctor? What is an ISA and why is it useful? An ISA is an “individual savings account”. It allows you to save and invest … Read more

Tax Codes

One of the most important things to know about on your payslip is your tax code. Tax codes are used to help your employer work out how much income tax should be deducted from your salary. Helpfully, each payslip you receive will have it listed (usually at the top right corner). They usually start with … Read more

Income Tax

Income tax is the most basic type of tax you will pay on your salary. It’s worth understanding which deductions you should expect and how much they ought to be. Income tax rates The rates of income tax for the 2019-2020 tax year, which runs from 6 April 2019 to 5 April 2020, are outlined … Read more