For those of you who have income from various sources, a singular tax calculator is probably not going to be accurate as each income source affects the calculation of the various separate types of income tax.
To make this easier you can now use our UK Tax Wizard
website to quickly and accurately get a income tax calculation from all your income sources.
A simple way to figure out what different types of income do to your tax liability. It's quicker than going the whole hog and going through reliefs and specialist deductions/allowances - something that is better done with a tax adviser - or at Tax Return filing time! - especially with multiple income sources.
Head over to the website at www.uktaxcalculators.co.uk/wizard
and get started.
You will need to enter your email address and choose a password, this will allow you to save each calculation you make.
The tax calculator will work out the following for you:
- PAYE Income Tax
- Self Employment Tax
- Dividend Income Tax
- Savings Income Tax
- Capital Gains Tax (be aware however, it will calculate on the 18%/28% basis - not the flat rate of pre - June 2010
- Taxable Redundancy Payments