UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
We love to hear your thoughts on how to improve our website!
Read ideas from other users below, or tell us your own.
FYI: Savings still use up bands, but the first 500 or 1000 is 0%, so the PSA can take you into higher rate.
Steve Falla - 15/04/2016 00:00:00Thank you - this error has now been corrected on the website and app.
Ray Arman
Needs tweaking in the app for next years NI letters. Companies and employees will no longer get no rebate
Chris - 25/03/2016 00:00:00Thanks Chris, I have corrected the NI letters for 2016/17.
Ray Arman
THANKS
Petr Dzurko - 24/03/2016 00:00:00
In Salary vs Dividend, it would also be interesting to see a calculation for Salary at Primary Threshold too
Nick Moore - 17/03/2016 00:00:00Secondary threshold was chosen as the primary threshold allows the minimum qualification for the state pension - we'll look into the primary amount however just for comparison . Thanks!
Ray Arman
On the Multiple Income Calculator can you put the total property income and then the mortgage payments for new BTL tax?
Dave - 16/03/2016 00:00:00We updated the Multiple Income Calculator yesterday (Budget Day) for the changes to Capital Gains, where residential property does not qualify for the reduced 10%/20% rates. The other changes affecting Landlords were Stamp Duty (from April 2016) and tax relief changes to claiming tax relief on mortgage interest. The latter means relief will be restricted to the basic rate of income tax, but is gradually introduced from 6 April 2017. From April 2016 the Government will also replace the Wear and Tear Allowance with a new relief that allows landlords to deduct the actual costs of replacing furnishings instead of the fixed amount. For both of these scenarios we suggest just subtracting costs as applicable and entering into the box NET profit before taxes.
Ray Arman