RADIOLOGIST TAX PLANNING

Tax planning for consultant radiologists.

Consultants often have a combination of NHS income, private reporting, company profits and pension considerations that should be reviewed together.

The complete income picture

PAYE salary, private reporting, dividends, rental income and investments can interact with tax bands and allowances.

Company profit extraction

Salary, dividends, retained profits and employer pension contributions should be modelled together.

Pension considerations

NHS pension growth and private pension contributions can affect planning.

Year-end planning

Review expected company profit, distributable reserves, pension contributions, equipment expenditure and personal cash needs before the year closes.