UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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Include Transferable tax allowances for married couples and civil partners
Bill - 05/07/2016 18:53:27The transferable tax allowance is equivalent to up to 10 percent of the basic personal allowance for the given tax year. To include a transferable amount please enter the amount as a positive figure into the box labelled 'Allowances/Deductions'.
Ray Arman
The calculator is asking "Please enter any allowable costs for the asset". Where does this figure have to be entered?
Paul Gardner - 26/06/2016 10:53:35If you are using the Capital Gains Tax Calculator then the costs should be entered in any boxes under the 'Other Costs' heading. If there are no costs enter '0.00'.
Ray Arman
I am retired, is there any way I can enter retirement income?
Peter Fotherby - 28/05/2016 11:23:44If you have only a single income source and that is not subject to national insurance contributions then you can select the NIC exempt option on the main calculator or enter your date of birth if past state pension age. Alternatively, if you have more than one income source you can use our multiple income tax calculator and enter your date of birth and enter any income into the relevant category boxes. Hope that helps!
Ray Arman
Hi you are giving a full £6,000 band for savings at 0% even if salary is over £11,000. it should be reduced pro rata above?
David Welsh - 16/05/2016 16:38:35The £5,000 starting rate savings allowance is removed entirely once non-savings income exceeds £5,000 after taking away personal allowances. Please refer to our personal savings allowance guide for more information (it is in the guides section).
Ray Arman
I have income from a property I receive a pension and a pension from the fsa I also receive Industrial injury benefit how do
Ron Walshaw - 09/05/2016 14:47:45Industrial Injuries Benefit is a tax-free state benefit so to calculate your total take home income you should add together your pension incomes and enter the total into the NIC EXEMPT EXTRA INCOME box and enter your property income into the PROPERTY RENTAL PROFITS box.
Ray Arman