Medics Money podcast MDT: Footballers (and doctors) get scammed, how tax traps change behaviour and disaster for GP partners.
Sep 25, 2025
Discover the hidden dangers doctors and footballers face from financial scams, exemplified by the V11 scandal. Learn how current tax policies create traps for high earners, particularly those around £100,000, affecting NHS productivity. The discussion covers speculations about budget changes and their potential consequences on GP partnerships. Emphasis is placed on the importance of financial education, using vetted advisors, and the dangers of high-pressure sales tactics that promise unrealistic returns.
AI Snips
Chapters
Transcript
Episode notes
Fiscal Drag Cuts Work Incentives
- Freezing tax thresholds causes fiscal drag that pushes people into higher tax bands.
- That effect reduces incentives to work and likely harms NHS productivity.
Frozen Allowances Increased Tax Take
- Frozen allowances have raised the number of taxpayers and higher-rate payers significantly.
- The government now collects nearly £90bn more from income tax due to fiscal drag.
High Marginal Rates Around £100k
- The marginal tax trap around £100,000 creates effective marginal rates up to ~71%.
- Some earners (e.g., London parents) can be financially better off by earning less.