Episode 14 - The Five Tax Rules Every Lawyer Thinks They Know — And Still Gets Wrong

Show Summary: "I feel like I'm working harder for less." If you’ve ever said this, you aren't struggling with a technical tax problem—you’re struggling with a behavioral one. In this episode, David Shepherd breaks down the five tax rules every lawyer thinks they know but still gets wrong.Discover why your "effective marginal rate" is the only number that actually matters, why complexity is the enemy of a busy partner, and how to shift tax from a twice-a-year "event" into a calm, automated rhythm.Key Takeaways:The 60% Band: Understanding the psychological and financial cost of the £100k–£125k personal allowance trap.Simple Wins: Why "sophisticated" plans often fail when professional life gets busy.Structure vs. Effort: Why two lawyers with the same income end up with completely different financial lives.Eliminating Surprise: The secret to removing the dread from your self-assessment.Share this episode: Know a colleague who is currently dreading their tax bill? This 6-minute session might be the reset they need.