Managing your finances as a doctor is genuinely complex. Between NHS pension rules, locum income, private practice accounts and ever-changing tax legislation, most general accountants simply don’t have the depth of knowledge you need.

Magnum Accountancy specialises in working with doctors across the UK — from foundation year trainees to consultant-level specialists and GPs running their own practice. We’re happy to meet face-to-face or work with you entirely online — whatever suits your schedule.

Locum Tax Returns

Locum work generates self-employment income across multiple trusts and agencies. We handle your self-assessment, ensure every allowable expense is claimed, and keep you fully compliant — whether you’re a sole trader or operating through a limited company.

NHS Pension & Annual Allowance

The NHS pension annual allowance charge catches many doctors off guard. We help you understand your pension growth, model the charge before it hits, and explore legitimate planning options including carry-forward relief.

Private Practice Accounts

Setting up or already running a private clinic? We handle your accounts, VAT registration where applicable, and tax planning to ensure your practice is structured tax-efficiently from day one.

IR35 & Limited Company Advice

If you operate through a personal service company, IR35 rules apply to you. We assess your contracts, advise on your working arrangements, and ensure your company is compliant — avoiding costly HMRC investigations.

Expenses & Allowances

From GMC registration fees and medical defence subscriptions to CPD costs and home-office expenses — we make sure every legitimate deduction is captured so you’re not paying more tax than you need to.

Business Start-Up Advice

Thinking of going into private practice or setting up a partnership? We advise on the right structure, help you register with HMRC, and set up your accounts from scratch — so you start on solid ground.

Why Doctors Choose Magnum

We speak your language. You don’t need to explain what a locum contract is or what an annual allowance charge means — we already know. Our team works exclusively with professionals and business owners, which means faster advice, fewer mistakes, and zero time wasted on basics.

We work with doctors across the whole of the UK. Whether you prefer to meet in person or handle everything online, we fit around you and your schedule.

✓ Face-to-face or remote   ✓ UK-wide   ✓ No jargon