Tax Calculator

Confidentially search for details of independent financial advisers close to where you live or work from around 8,000 IFA locations UK-wide.

Tax Waste Calculator

Unless you're the Chancellor, taxation will never be that exciting, but you might be surprised to see where all this tax waste comes from, and how easy it can be to remedy.

The tax calculator below gives only a very basic indication of how much you might be wasting already. Considering some of the more common areas of waste; however, an IFA can talk through your individual circumstances in detail, face-to-face. He or she can help you work out the most effective financial plan of action, to ensure you make the most of the range of tax breaks available to you, and stop wasting tax.

About you
1. Do you have a partner?	Yes No
2. Have you got any children?	Yes No
3. Have you made a will?	Yes No

Your tax band(s)
4. At what rate do you pay tax?	Non-taxpayer 0% Basic 20% Higher 40%
5. At what rate does your partner pay tax?	Non-taxpayer 0% Basic 20% Higher 40%
6. Do you use both of your personal allowances each year (by transfering assets)?	Yes No
7. Have you filled in an R85 form (widely available from an IFA, bank or building society) to say you are a non-taxpayer?	Yes No

Your savings & investments
8. Have you maximised your ISA investments for this tax year (stocks and shares ISA £7,200 or £3,600 cash ISA)?	Yes No
9. Have you utilised your annual CGT allowance of £9,600?	Yes No

Your pension
10. Do you or your company pay into a pension?	Yes No
11. Is the contribution more than £300 per month / £3,600 per year?	Yes No

Your tax forms
12. Did you receive a self-assessment tax form this year?	Yes No
13. Did you return it by 31st January?	Yes No

Children's tax credits
14. Have you claimed children's tax credits?	Yes No

Giving to charity
15. Do you give money to charity?	Yes No
16. Do you donate through Gift Aid or Payroll Giving?	Yes No

This calculator is very general in nature and will not exactly reflect your personal tax situation. The information should not be construed as legal or tax advice. Tax benefits may vary as a result of statutory change and their value will depend on individual circumstances.

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Latest News: Britons set to waste £9 billion in unnecessary tax payments this year – yet 33% claim tax policies could sway their election vote ..., all recent press releases