Maximise Your NHS Pension & Tax Relief | Stop Overpaying HMRC

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Doctors and healthcare professionals across the UK often overlook one of the biggest opportunities for wealth building — your NHS pension and the £60,000 annual allowance. In this video, Dr. Andy (Moneywise Doctor) explains how tax relief works, how much your employer really contributes, and how to calculate your pension growth using your Total Reward Statement (TRS).

You’ll discover how to make the most of your pension contributions, avoid overpaying tax, and take control of your financial future.

⏱️ Chapters

00:00 – Why every UK doctor needs to understand pensions
01:05 – The £12,570 personal tax-free allowance explained
02:20 – The £60,000 annual pension allowance
03:30 – Employer contribution: 23.7% explained
04:15 – Your 12.5% NHS pension deduction
05:05 – Using your ESR & TRS to calculate pension growth
06:25 – How pension contributions reduce taxable income
07:40 – NHS pension vs private pension (SIPP explained)
08:55 – How to avoid missing your full £60,000 allowance
10:15 – Smart pension planning: protect your financial future


🎓 Next Steps for Doctors

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💬 Have questions? Drop them in the comments — we’ll respond soon.


If this helped you, share it with another medic who’s working hard but might be losing money to HMRC without realizing it.

👉 Watch Next: How Doctors Can Avoid the 60% Tax Trap