Medicine is hard enough.
Your finances shouldn't be.
The Institute for Doctors provides rigorous, objective resources on practice management, locum taxation, and NHS pension complexities. Built by specialists, for specialists.
Why we exist.
A note on our editorial stance.
Physicians spend decades mastering clinical reasoning, only to be thrown into a complex web of tax structures, liability insurance, and opaque pension calculations with zero formal training.
The result? Thousands of hours lost to administrative anxiety, and millions in collective wealth left on the table or lost to inefficiency.
We reject the fluff. No generic "empowering" platitudes. We provide concrete spreadsheets, exact tax thresholds, and step-by-step audit survival guides. If we don't have the data, we don't publish the article.
The Core Curriculum
View all guidesLocum Taxation
Navigate IR35, sole trader vs limited company structures, and allowable expenses without running foul of HMRC.
Read the guideThe NHS Pension
Demystifying the 1995, 2008, and 2015 sections. Understand annual allowance, lifetime allowance (abolished, but complex), and McCloud.
Read the guidePrivate Practice Setup
From choosing accounting software to managing billing companies and dealing with insurance shortfall letters.
Read the guideBy the numbers.
Financial literacy isn't optional. The cost of ignorance compounds over a career.
Protect Your WealthOf consultants report significant confusion over their pension annual allowance tax charges (BMA Survey, 2023).
Average unclaimed allowable expenses per locum doctor over a 5-year period.
GPs considering early retirement cite administrative and financial burnout as the primary cause.
Of our tools are free, ad-free, and run entirely in your browser. We don't harvest your data.
Calculators that actually work.
Stop using generic calculators that don't understand the NHS pension taper or GP partner profit shares. Our tools are built for the reality of medical careers.
Locum Take-Home
Compare sole trader vs limited company structures at different hourly rates.
Use Tool →CPD Tracker
Log reflections, categorise points, and export directly for your annual appraisal.
Use Tool →Pension Growth
Project your NHS pension growth and estimate potential tax charges ahead of time.
Use Tool →Overhead Ratio
Calculate practice expenses against gross income to benchmark your efficiency.
Use Tool →Surviving a CPD Audit
Being selected for a CPD audit doesn't have to be a crisis. We break down exactly what the GMC looks for, how to structure your reflections, and the common pitfalls that lead to remediation.
- The difference between a summary and a reflection.
- How to map varied activities to Good Medical Practice domains.
- Handling missing evidence retrospectively.
Commonly Asked Questions
The Monthly Briefing
One email a month. No spam. Just significant changes to tax law, pension legislation, and new tools we've built.
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