Tax Calculators 2005-6

Income tax

The first two calculators are general purpose.

• General Income Tax and NI calculator. All purpose calculator. Choose allowances and employment status and calculator computes income tax and NI. Only deals with earned income.
  
• General Income Tax calculator. All purpose calculator. Choose allowances and calculator computes income tax. Only deals with earned income.

Inheritance Tax 2005-6

• Basic Inheritance Tax Calculator - this deals with most single people and married couples who plan to pass assets to each other on first death, and then to children. No large (tens of thousands of pounds) bequests to children on first death. No important business interests.
  
• Single Persons Advanced Inheritance Tax Calculator - this deals with single people with significant business interests.
  
• Married Couples Advanced Inheritance Tax Calculator - this deals with married couples who have significant estates, including business assets, and mainly serves to highlight how complex the area is, and how some simple planning can reduce liability to IHT by thousands of pounds.

These calculators are offered for simple guidance. To obtain a more accurate appraisal of your position, please contact us.