UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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for 2015-16 tax calcs, the transfer of £1060 from spouse/partner for those with income below 20% tax allowance would be good
Barry Hughes - 11/03/2015 17:22:59Hi Barry, We have updated for 2015/2016 now. The transferable tax allowance is capped at basic rate so essentially should be an extension to your tax free personal allowance. You can enter the additional allowance amount into the Additional Allowances/Deductions box. The allowance should be entered as a positive figure e.g. 1060. Hope that helps.
Ray Arman
Will you be updating the calculators for the 2015-16 tax year. Also the iOS App? I would be happy to pay for an updated app..
Matthew Armistead - 05/03/2015 15:00:45Hi Matthew, Both website and app are now updated!
Ray Arman
Put in a salary of 50k+ and it calculates my basic rate (at 20%) tax to be 6,373 - it should be 4,373....
Alex - 23/12/2014 23:47:51£50,000 after the £10,000 personal allowances leaves £40,000 taxable, of which £31,865 is taxed at 20 percent and the remaining £8,135 is taxed at 40 percent.
Ray Arman
Does the calculator include the £2k employers allowance relieving ER NIC?
David - 28/09/2014 14:29:17No, the calculator does not include £2,000 employers national insurance allowance.
Ray Arman
Aged 77 gross £118,000 pa: why £1,000 allowance. Should be zero if income over £27,100??
Michael Kelly - 30/05/2014 14:39:06As the gross income (£118,000) is over the age-related allowance limit of £27,000, the personal allowance of £10,660 is reduced by £1 for every £2 over the limit. This, however, is capped to the minimum amount of £10,000 for 2014/2015. The further reduction is then applied due to having an income of £100,000 - so another £1 for every £2 over - £9,000 is therefore taken off the basic allowance of £10,000. This leaves a tax free allowance of £1,000.
Ray Arman