Author: moneywisedoctor
moneywisedoctor
As the founder of MoneywiseDoctor.com, I lead a community dedicated to guiding doctors away from costly financial mistakes. Drawing from over 15 years of experience as a doctor, entrepreneur, and investor, I possess a robust skill set that enables me to assist others in developing effective strategies for financial success. My extensive background has afforded me a profound understanding of the unique financial challenges facing medical professionals, particularly in areas such as tax optimisation and investment management. Through my work, I am committed to empowering fellow medics with the knowledge and skills necessary to achieve financial peace and alleviate anxiety surrounding money matters. Join me in our journey to financial wellness and discover the path to a more secure and fulfilling future.
By Dr. Ndubuisi “Andy” Egwim – MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Moneywise Doctor provides financial education, not regulated financial advice. Always consult an FCA-registered adviser before acting on this content. Doctors ask this more than almost any other financial question, and the honest answer is that it depends heavily on grade, pension contributions and whether you’re anywhere near the 60% tax trap. The amount of tax NHS doctors pay in 2026 depends on their salary band, NHS pension contribution tier, and whether their income falls within the personal allowance taper between £100,000 and £125,140. A…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Moneywise Doctor provides financial education, not regulated financial advice. Always consult an FCA-registered adviser before acting on this content. The financial mistakes new consultants make almost always happen in the first 12 months after their pay rise, not years later. The pattern is consistent: a bigger salary quietly gets absorbed by a bigger mortgage, a newer car and higher monthly outgoings, before any of it is put to work. The doctors who avoid this aren’t the highest earners. They are the ones who make…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated financial advice. Always check your specific entitlements with your trust’s HR department and consult an FCA-registered adviser for personal planning. Maternity leave for doctors UK comes with genuinely strong occupational pay, yet the financial planning around it rarely gets the attention it deserves. NHS maternity pay, governed by the Agenda for Change and medical terms and conditions, typically provides eight weeks of full pay, eighteen weeks of half pay plus Statutory Maternity Pay, and a further…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated financial advice. Always consult an accountant experienced with GP practices and an FCA-registered adviser before making a partnership decision. The salaried GP vs GP partner decision is one of the most consequential financial choices a UK GP will make. Yet it rarely gets the structured comparison it deserves. A practice employs a salaried GP, who receives a fixed or negotiated salary and carries none of the practice’s financial risk. A GP partner, in contrast, owns part…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated financial or tax advice. Always consult an FCA-regulated adviser or a specialist medical accountant before making decisions. UK tax for NHS doctors quietly determines what happens to about a third to nearly half of your gross salary each month, yet most medics have never sat down and mapped the rules that shape their take-home pay. In the 2026/27 tax year, the Personal Allowance sits at £12,570, the higher-rate threshold at £50,270, and the additional-rate threshold at…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated financial or insurance advice. Always consult an FCA-regulated protection adviser before buying, changing, or cancelling any policy. Income protection for doctors is one of the most misunderstood pieces of the UK medical finance puzzle. Most doctors assume NHS sick pay has them fully covered. The reality is more sobering. NHS occupational sick pay scales with your length of service, from one month full pay and two months half pay in year one, up to a maximum…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not personalised regulated advice. Workshop attendance is educational. A regulated adviser or accountant can help apply anything you learn to your specific circumstances. The SCRUBS Investing Workshop begins in under 24 hours, and few seats remain across both dates. If January’s version of you promised this would be the year you finally stopped feeling behind on money despite earning well, this is your window. On Saturday 4 July 2026 at 10:30am UK, I will spend 90 focused minutes…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated financial advice. The views below are my own, written in a personal capacity. Always consult an FCA-registered adviser before acting on this content. The ISA tax changes 2027 were confirmed this week, and they will quietly reshape how millions of UK savers and investors keep what they earn. From 6 April 2027, HMRC will apply a flat 22% charge on interest earned on cash held inside a Stocks & Shares ISA or Innovative Finance ISA. The…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated mortgage or financial advice. Always speak to an FCA-regulated mortgage broker before making any borrowing decision. NHS doctor mortgages sit in a quiet pocket of the UK lending market that most medics never explore. While high street banks cap most borrowers at 4.5 times income, a small group of specialist lenders recognise doctors as preferred borrowers and lend at 5, 5.5, and sometimes 6 times income, occasionally more for newly qualified consultants. A doctor mortgage, often…
By Dr. Ndubuisi “Andy” Egwim — MBBS, former NHS Salaried GP, author of The Moneywise Doctor. Disclaimer: Moneywise Doctor provides financial education, not regulated financial advice. The views below are my own, written in a personal capacity. Always consult an FCA-registered adviser before acting on this content. Is the SpaceX IPO overvalued? In my honest view, yes. And that is why it is a hard no from me, even with the listing less than 48 hours away. An Initial Public Offering (the moment a private company sells shares to the public for the first time) is usually priced to satisfy…