UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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What is the 10% savings rate for 2011/2?
Peter - 09/12/2010 13:35:06The starting 10% savings rate for 2011/2012 is increasing from £2,440 to £2,560 - however, if the individuals non-savings taxable income exceeds this £2,560 amount, then the 10% starting rate for savings income will not be available.
Ray Arman
O.A.P with state and private pension calculator?
Gordon Tatler - 19/11/2010 22:06:03
For salary sacrifice you need to include possibility of directing NI savings into the pension - not pay. Often done this way.
Tom - 15/11/2010 14:22:59
I like to calculators but I do not know why there is no NIC for employers for women over 60
R P Ellis - 10/11/2010 11:45:11You pay NIC's from age 16 until you reach State Pension age. This is 65 for men and 60 for women born on or before 5 April 1950 - but it'll gradually increase to 65 for women over the period from 2010 to 2020. These changes will be factored in to the calculator soon. I.E if you are female and were born after 6th April 1951, your state pension age would be 61. This would require entering your date of birth into the calculator in order to be accurate, so we are finalising the best way to implement this
Ray Arman
I took Early retirement to help look after my handicapped son. Does this calculator apply to people like me?
Mick Saunders - 09/11/2010 09:57:57Hi Mick, if you have taken Early Retirement the calculator can still calculate your income pre-retirement as normal. For post-retirement, if you received your occupational pension early and there are tax-free lump sum elements etc, these would not be covered by this calculator as it only calculates personal tax on PAYE, CIS and Self Employment income.
Ray Arman