Income Tax

INCOME TAX CALCULATORThe Income Tax calculator provides an indication of a client’s net income after deducting income tax and national insurance from different sources.

Calculations are based upon inputs of the client’s non-savings, savings, dividend and non-taxable income from different sources such as ‘income’ or ‘accumulation’ units or Trust income.

The calculator takes account of;

– Whether client is employed or self-employed for NI purposes.

– the option to overwrite the Personal Allowance.

– Child benefit amounts (if any) shown in the Notes.

– Effective rate of tax relief on pension contributions shown in the Notes.

Claiming for previous years

As HMRC will allow a reclaim of income tax back to 2013/14 (providing the claim is made by 5th April 2018). The calculator will allow you to select any tax year from 2013/14 to perform these tax calculations.

Saving Instructions

On A PC

On A MAC

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