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Posted 16 days ago by Allen DAVIDSON
Hello, New to self assessment. I have income from private pension, bank interest and dividends from investments. I there a simulator that will take all these types of income and calculate a tax liability please? The HMRC simulator I tried (there may be others) only dealt with pension income. Thanks
Posted 16 days ago by maxb
Once the tax year is complete, you can start filling in your self assessment online - using estimates at first if need be - and view your calculation as many times as you like, without submitting the return. This is by far the most complete online "simulation" of the whole tax calculation. If you require a projected sum before the tax year is over, then unfortunately I don't know of a good resource - I've typically fallen back to some elaborate spreadsheets implementing just the bits of the calculation relevant to me.
Posted 16 days ago by Allen DAVIDSON
Many thanks - I did a bit of research since asking the question and yes - as you say using the actual HMRC site is as good as it can get,
Posted 8 days ago by HMRC Admin 17 Response

Hi ,
 
When you enter these income figures in your tax return, your tax liability will be calcualted for you to review.

You do not have to sumbit the return to see this calculation, and you can amend your return,
and therefore the calcualtion, before you submit.

Thank you .
Posted 3 days ago by Christopher Rayburn
This is great after the tax year is over, but is there something similar (a calculator maybe?) that can be used before the end of the tax year, to help estimate the impact of a pension contribution and its' interaction with personal saving allowance etc.?
Posted about 4 hours ago by HMRC Admin 25 Response
Hi Christopher Rayburn,
We do not currently offer this kind of calculator.
All the information needed to manually calculate the impacts described can be found on gov.uk.
Thank you. 
 

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