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How does one calculate tax liability for two retired people in pension income only?
R McGahon - 05/01/2014 07:46:16You will need to run two separate calculations, one for each person. When entering the income details, make sure you tick the 'NO NICS' option and enter the correct date of birth. Enter the pension income as your gross income for the tax year.
Ray Arman
Good info
KS - 29/12/2013 20:56:32
Some advice on what to do if you think you're paying the wrong amount of tax would be very helpful.
J. Draper - 17/11/2013 12:29:42
I would like to see a landlords how much tax to pay on their rental income, calculator. Many thanks for your iPhone app.
Paul Fogarty - 21/08/2013 11:11:15You can use the multiple income tax calculator here and use the property rental income box. You would have to deduct allowable expenses and costs from the rental income manually.
Ray Arman
Very easy to use calculator - Well designed tool. Thanks
DAVID SILVER - 17/08/2013 10:55:11Thanks for your support!
Ray Arman