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By Alec Collie

With several coming changes to tax, new rules around investments and delays to pension remedies, clinicians face some financial uncertainty in the year ahead. That makes now a great time to take stock to begin the new year with clarity and confidence.

As January gets closer, many doctors are using the turn of the year to look ahead and regain some control over their finances.

After a long period of frozen tax thresholds, rising living costs, pension changes and uncertainty around the McCloud remedy for public service pensions, the financial landscape for clinicians is still evolving, and it’s understandable that many feel unsure about what the next 12 months might bring.

To help you start the new year with clarity, here are a few key areas worth turning your attention to.

Tax: more doctors may feel the squeeze

As part of the Autumn Budget, income tax thresholds were confirmed to remain frozen until 2031, meaning they will have been unchanged for a full decade.