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Tax calculator.

royP_2
royP_2 Posts: 248 Forumite
Part of the Furniture 100 Posts Photogenic Name Dropper
Is there a tax calculator that as a pensioner I can use to check that my tax bill is correct.
Something that can deal with, Savings interest, State pension, Private pension, enter them and out comes my tax forecast.
Thanks for any help.

Comments

  • eskbanker
    eskbanker Posts: 37,748 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Most online calculators seem to be geared towards employment income rather than pensions and savings, but it's not difficult to work it out - if you're not in Scotland, have standard personal tax allowance, and total income is between about £17.5K and £50K, then your tax liability is likely to be 20% of total pension income above £12,570, plus 20% of any savings interest above £1,000.

    If you share your figures on here, someone will validate them for you....
  • tacpot12
    tacpot12 Posts: 9,325 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    You can use the calculator at ListenToTaxMan: ListenToTaxman - UK Tax Calculator and Salary Calculator PAYE Income Taxes 2025 - 2026

    There is a tickbox you can check to say that you pay no National Insurance. You will want to tick this. Then just add up all your income for the tax year and enter into the Salary box. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • Notepad_Phil
    Notepad_Phil Posts: 1,585 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    tacpot12 said:
    You can use the calculator at ListenToTaxMan: ListenToTaxman - UK Tax Calculator and Salary Calculator PAYE Income Taxes 2025 - 2026

    There is a tickbox you can check to say that you pay no National Insurance. You will want to tick this. Then just add up all your income for the tax year and enter into the Salary box. 
    I don't think it works with savings interest though does it, so I think they'll need to do as per eskbanker.
  • FrugaiMacDugal
    FrugaiMacDugal Posts: 274 Forumite
    100 Posts Photogenic First Anniversary Name Dropper
    edited 28 July at 4:45PM
    Here's one from Gov.UK to try, though it only seems to do savings and interest, perhaps you could use it with the one above.
  • KidJo
    KidJo Posts: 12 Forumite
    10 Posts
    Here - this one does interest correctly.

    royP_2 said:
    Is there a tax calculator that as a pensioner I can use to check that my tax bill is correct.
    Something that can deal with, Savings interest, State pension, Private pension, enter them and out comes my tax forecast.
    Thanks for any help.
    Here - this one is purely a self assessment income tax calculator (no national insurance etc) and does interest, pensions correctly:

    https://taxgrid.co.uk
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