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i earn 3905.50 per month before tax
Hi again.1 You are already a higher rate taxpayer (40%) as your annual income is over £41,865. For the 2015/16 tax year, the 40% threshold will be £42,385. The next tax bracket, 45%, starts at £150,000 so you will need to work 230 10 hour locum shifts to reach earnings of £150,000.2 You would need to ask your employer if you could work though an umbrella company as a locum. Many doctors work through agencies in addition to the main job but they are employed through the agency and the NHS has no problem with that. Umbreally companies are designed to allow you to claim expenses against tax and to take income as dividends which aren't subject to NICs and are treated as basic rate tax paid. Take a look here for information on dividends and tax.I hope this helps but let me know if you have any further questions.