2min chapter

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Ep 155: Tax planning for doctors in 2023 (pt2)

Medics Money podcast

CHAPTER

The New Regime for Companies Who Claim an Expense

The new regime for companies who claim an expenses. That is great news for listeners of this podcast, because as we said before, Medics Money Utilize Super deductions to purchase upgraded microphones. If indeed you have a company, again, fully appreciate not everyone in the NHS is going to have a company there. But if you are in that situation, make sure you're claiming a deduction for these assets. The recent budget in March made some really significant changes to the pension regime. It could in the surprise scrapping of the lifetime allowance and increasing the annual allowance from £40,000 to £60,000.

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