Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Wasron,jfgw,Rhyd6,eyeball08,Wondergirly, for Donating to support the site

Tax calculator

Practical Issues
Adamski
Lemon Quarter
Posts: 1126
Joined: July 13th, 2020, 1:39 pm
Has thanked: 1505 times
Been thanked: 575 times

Tax calculator

#638349

Postby Adamski » January 5th, 2024, 11:25 am

Please can anyone recommend a free or cheap tax calculator. Just basic self assessment

Wages
Tax paid
Interest*
Uk dividends*

*outside of ISA/Pension

Just want to check my estimate for 23-24.
Thanks

Fluke
Lemon Slice
Posts: 633
Joined: November 4th, 2016, 8:51 pm
Has thanked: 62 times
Been thanked: 138 times

Re: Tax calculator

#638365

Postby Fluke » January 5th, 2024, 12:36 pm

Which? do one, if you don't have a subscription you can go down to your local library and use theirs.

https://www.which.co.uk/money/tax/incom ... Ihq2U0bUxs

Adamski
Lemon Quarter
Posts: 1126
Joined: July 13th, 2020, 1:39 pm
Has thanked: 1505 times
Been thanked: 575 times

Re: Tax calculator

#638383

Postby Adamski » January 5th, 2024, 1:51 pm

Fluke wrote:Which? do one, if ...


Thanks, that's just what I'm looking for.

When I first read your reply, I misunderstood - "do one" in the north means "go away" :lol: but, that link is great, thanks

GPhelan
Lemon Pip
Posts: 63
Joined: November 11th, 2016, 7:25 pm
Has thanked: 1 time
Been thanked: 28 times

Re: Tax calculator

#638690

Postby GPhelan » January 6th, 2024, 8:33 pm

Alternatively if you prefer to do your tax planning at home, then I recommend SA2000 https://www.sa2000.co.uk It supports the main sections of Self Assessment. SA2000 is based on Microsoft Excel, so if you do not have that, then no-go.

Otherwise it replicates the paper input forms and allows the user (me!) to explore those "What-if" questions, that occur when looking at my tax affairs. Some things you can change over time, like the balance of taxable income vs growth investments. Some you can change at Tax return time, such as pulling back charitable donations made THIS tax year into the LAST tax year, whose return you are working upon. I once found transferring a £100 donation allowed me to avoid having to make payments in advance for the next tax year - but that is perhaps an extreme and unlikely opportunity.

SA2000 is accredited by HMRC, is free to download and use for whatever you like EXCEPT submitting the return to HMRC, for which you would need to buy a code. The current version available to download is for 2022-2023, the 2023-2024 version should be available a few days into the new tax year in April 2024. The internal workings are protected against examination by the curious.

BobGe
Lemon Slice
Posts: 554
Joined: November 5th, 2016, 12:49 am
Has thanked: 176 times
Been thanked: 125 times

Re: Tax calculator

#640196

Postby BobGe » January 14th, 2024, 9:26 am

Adamski wrote:Please can anyone recommend a free or cheap tax calculator. Just basic self assessment.

If you are registered with HMRC for on-line filing, you can just use the HMRC 'freeware' system - you don't have to submit and you can play around with figures / entries the various sections and view the resulting tax-calc, then just delete the whole thing or any sections as you wish. It's likely not the speediest way, but only time cost is involved.


Return to “Taxes (Practical)”

Who is online

Users browsing this forum: No registered users and 33 guests