In the present work, photon and neutron attenuation properties of polyepoxide composites produced by doping waste iron filings (IF) at different percentages (0%, 20%, 40%, and 60% iron filing percentage) were obtained using theoretical and experimental techniques. The experimental technique was performed using an HPGe detector with four different gamma lines (0.0595, 0.6617, 1.173, and 1.333 MeV) emitted from three gamma-ray sources (241Am, 137Cs, and 60Co). The theoretical techniques for shielding parameters calculation are estimated with Phy-X software and the XCOM program as well. The experimental and theoretical values of the mass/linear attenuation coefficient (M/LAC), half/tenth value layer (H/TVL), mean free path (MFP), lead equivalent thickness (LEth), and radiation shielding efficiency (RSE) have been determined and compared. A good agreement was achieved during the comparison. The shielding performance of the prepared composites increased with increasing the iron filing rate, where we can arrange the performance of shielding according to EP–IF60 > EP–IF40 > EP–IF20 > EP–IF0 at all different experimental and theoretical energies. The effective and equivalent (Zeff, Zeq) atomic numbers as well as the exposure buildup factor (EBF) at different depletion distances or mean free paths (MFPs) have been calculated for all EP–IF composites. The lowest EBF was for EP–IF60 while the highest EBF was for EP–IF0 through the discussed energy from 0.015 to 15 MeV. Finally, the fast neutron removal cross-section (FRNC) has been calculated for the prepared composites and the results showed improvement in FNRC with increasing the iron filing rate.