This weeks problem case

Dr Johnson is a sole practitioner in Birmingham, with gross earnings of £80,300. His wife has a net income of £9,000 per annum. Dr Johnson&#39s yearly tax bill is around £15,000 and he has a mortgage of £120,000 on a house valued at £250,000. Planned home improvements will cost £20,000 and, with two children in private education, he is using this opportunity to review his finances.