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Medical professionals

Medical tax calculators for UK doctors

Free calculators built by specialist medical accountants. Work out your NHS pension annual allowance, locum tax liability, and private practice incorporation savings.

Calculator

NHS Pension Annual Allowance Calculator

Calculate your tapered annual allowance and potential tax charges on NHS pension growth.

£

NHS salary + private income - pension contributions

£

From your annual pension statement

Standard allowance
£60,000
Your annual allowance for 2025/26
Threshold income£150,000
Adjusted income£190,000
Pension growth£40,000

You have the standard £60,000 annual allowance. Tapering only applies if threshold income exceeds £200k and adjusted income exceeds £260k.

Calculator

Locum Doctor Tax Calculator

Calculate your income tax, National Insurance, and student loan repayments as a self-employed locum doctor.

£
£

GMC, indemnity, BMA, travel, equipment

£

Personal pension or NHS locum contributions

Your net income
£49,011
After tax and deductions
Gross income£80,000
Expenses5,000
Pension10,000
Net income£65,000
Income tax13,432
National Insurance2,557
Effective tax rate24.6%

This calculator is for self-employed locum doctors. Figures are for 2025/26 tax year. Includes Class 4 NI (6% on £12,570-£50,270, 2% above). Does not include Class 2 NI (£3.70/week).

Calculator

Private Practice Incorporation Calculator

Compare tax as a sole trader vs limited company for your private practice income.

£
£
£
£

Usually £12,570 (personal allowance)

No savings
£842
Stay as sole trader
As sole trader
Total income£135,000
Income tax + NI46,013
Net income£88,987
As limited company
Company profit£85,000
Corporation tax (25%)21,250
Salary£12,570
Dividends£51,180
Dividend tax18,118
Total tax46,854
Net income£95,632

This is a simplified comparison for 2026/27 using updated dividend tax rates (10.75% basic, 35.75% higher, 39.35% additional). Corporation tax is 25%. Actual savings depend on IR35 status, pension planning, and other factors. Speak to a specialist medical accountant before incorporating.

⚠️ At this income level, incorporation may not be beneficial due to corporation tax and dividend tax rates. Consider other factors like liability protection.

Need help interpreting your results?

These calculators provide simplified estimates. For a full analysis of your specific situation — including NHS pension planning, locum tax optimization, or private practice incorporation feasibility — speak to one of our medical accountants.