New Income Tax Checker

[MSE Dan]

Hi folks,

This thread is to discuss the new

www.incometaxchecker.com

Please click reply to discuss

Dan

[bzd]

Hi,

An excellent tool! I find all things tax completely baffling!

Now to baffle me further, how do gift aid donations and childcare vouchers affect my income tax? Can they be added to the calculator?

Cheers,

Ben

[icornish]

Can you update the calculator to support Childcare vouchers? I understand this is taken off the pre-tax salary (but is it pre-tax, post NI, or pre-tax, pre-NI?)

[Leverpark]

I have a private pension of 7300 per annum, do I need to include my state pension in the total?
Is that not tax free?
I ask because I have not yet received my monthly pension payment since turning 65 this month.

[alibeano]

Originally Posted by icornish

Can you update the calculator to support Childcare vouchers? I understand this is taken off the pre-tax salary (but is it pre-tax, post NI, or pre-tax, pre-NI?)

Agreed - please can these be added as we're not currently getting the full picture. I'm getting around £100 difference on the calcs.

[BOBS]

thank you for the checker!!! worked out DH has paid £622 too much tax!!

[sylviesinc]

My sister is a widow and used the tool. It told her that her personal allowance was over £8000 a year but nowhere on the Customs and Excise site does it mention that widows get more allowance than the standard £6495. Is this an error on your part or theirs?

[Sasdad]

Hi.

Although it calculates the basic tax and personal allowance, it does not take in to account your government pension which is deducted from your re calculated personal allowance after Income limit for age-related allowances has been taken into consideration.

So, if your government pension is more than your personal allowance, you will end up with a negative personal allowance.

Just thank Mr Brown.

[nzseries1]

There is one thing confusing about this checker.

There is a drop down that says "About you" and you have to choose one. However, two options apply to me.

The two options "Male under 65" and "Under 60" both apply to me, so which should I choose?

[Lokolo]

Originally Posted by nzseries1

There is one thing confusing about this checker.

There is a drop down that says "About you" and you have to choose one. However, two options apply to me.

The two options "Male under 65" and "Under 60" both apply to me, so which should I choose?

My overall doesn't change. But I don't contribute pensions which could change things?

[mrkbrrws]

I believe the Widow’s Bereavement Allowance stopped several years ago.

It also doesn't know how to calculate Married Couples Allowance. If you choose to tick the "Married" box and also say you are over 65 you get the minimum MCA deducted from your tax, not the correct amount.

It also doesn't ask if either partner was born before 6 April 1935, so it doesn't know if you are actually entitled.

Also for those eligible for MCA if you enter your tax code which should include your MCA the calculator will give you it twice, once in your free pay and then again by deducting the minimum allowance from the tax due.

[mrkbrrws]

Originally Posted by Sasdad

Although it calculates the basic tax and personal allowance, it does not take in to account your government pension which is deducted from your re calculated personal allowance after Income limit for age-related allowances has been taken into consideration.

It will if either you enter your actual tax code or you add the State Pension to your gross income.

[Chuffy]

Doesn't work if you contribute into a superannuation scheme deducted pre-tax.
Worked my net pay out £55 short per month.

[Mikeyorks]

Originally Posted by Leverpark

I have a private pension of 7300 per annum, do I need to include my state pension in the total?
Is that not tax free?

The State Pension is taxable. It's paid gross, but the tax attributable to it should be recovered from your private pension via restriction of your Personal Allowance.

If you're on the point of receiving the State Pension you should have had a P161 from HMRC ..... and they will use the data from that to adjust your Code number.

So - as to the Calculator - you put in your total gross (PP + SP) ..... but you'll get drivel out of it if you don't have the correct Code number yet!

[Paul_Herring]

Originally Posted by Sasdad

Although it calculates the basic tax and personal allowance, it does not take in to account your government pension which is deducted from your re calculated personal allowance after Income limit for age-related allowances has been taken into consideration.

So, if your government pension is more than your personal allowance, you will end up with a negative personal allowance.

Run that by me one more time... how on earth can your state pension be more than your personal allowance?

(And 'negative personal allowances' are taken into account on this calculator - that's what the K tax codes are for.)

[mrkbrrws]

Why can't State Pension be more than your personal allowance?

State Pension can be over £200 a week with various earnings related elements etc. and if your income is high enough the personal allowance is the same as someone under 65 (£6,475).

[Paul_Herring]

Why can't State Pension be more than your personal allowance?

Because the state pension is only £95.25 per week (£130.00 if you want to be generous and include pension credit,) and the personal allowance for someone aged 65-75 is £9,030 (£173.65 per week.)

And while I can't find figures anywhere on HMRC or direct.gov, I'm sure S2P/SERPS won't account for the £78.40 difference between the two figures.

[yorlass]

It would be useful if the checker also had a box to put in part-time hours for pro-rata salaries?

[ditchsid]

I entered NT in the tax code box. It said tax was still payable. NT code means no tax!!!!!

[robpitt]

feedback:
the tool provides a simplistic view of the pension contribution and NI catagory. There really ouht to be more options to set these as lots of people are in schemes where there pension contributions are made gross and/or are in different NI catagories.