
Paying Family Members Tax-Efficiently
Free consultation with one of our specialists
The Benefits of Employing Family
Employing a family member in your medical practice can offer significant tax advantages. It’s important to ensure that the employment is justified and that payments are made correctly to remain compliant.
Navigating Family Employment Taxes
At Nichols Medical Accountants, we provide comprehensive advice on paying family members, helping you to utilise tax benefits and maintain clear, compliant records.
Extended Services for GP Accounting
Nichols & Co Medical Accountants offer a full range of services that support all aspects of GP practice financial management. Explore our advanced tax strategies and pension management services tailored for medical professionals.
- Accounting
- Taxation
- Benchmarking
- NHS Pensions
- Partnerships & Mergers
- Tax Enquiry Protection
Optimise Your Practice with Family Help
By employing family members, you can maximise your practice’s financial efficiency. We ensure you do this within the tax regulations, securing benefits for both your practice and family.
- Deduct wages from business profits
- Utilise lower family tax brackets
- Ensure HMRC compliance with clear records
- Benefit from tax-free allowances
- Avoid unnecessary payroll for small payments
- Explore pension contributions as remuneration


Your Partner in Tax Planning
Partner with Nichols Medical Accountants to make paying family members beneficial and compliant. We help you understand the allowances and ensure proper payment methods for your family employees.
“They show a high level of integrity and I value that”
Khalid Ismail, General Practitioner of over 30 years and Senior Partner of South Lewisham Group Practice in South East London explains what he values the most from working with our Nichols & Co team and how we support their medical practice.
Get in touch
Contact us for specialist medical accountancy services for GP Medical Practices
If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.
Telephone: 020 8850 3300
We’re open from 9am to 5pm Monday to Friday. We are closed on bank holidays.
News
Our latest updates
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Director’s Loan Account and Personal Expenses for NHS Consultants
A director’s loan account for NHS consultants can be used for personal expenses, but the rules matter. Learn how to use them.
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Employing Family Members Through a Limited Company
Learn how employing family members through a limited company works, what HMRC expects and how to employ relatives compliantly.
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NHS Pension Tax Planning: How the Scheme Affects Your Tax Position
NHS Pension Tax explained for consultants, GPs and doctors. Learn how the NHS Pension Scheme can affect your tax position and wider financial planning.
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Can You Use a Director’s Loan to Repay Your Mortgage?
Thinking about a Directors Loan Mortgage? Learn the tax implications, Section 455 rules and key considerations before using company funds.