We are delighted to announce the release of our Emergency Income Tax Calculator.
Our new Emergency Income Tax Calculator allows you clearly illustrate the UK excluding Scotland month 1 Emergency Income Tax payable for a pension withdrawal, along with how much to reclaim.
The calculator also includes:
- Simple data entry – With only three inputs you can produce comprehensive results.
- Include other incomes – Ability to include a range of different incomes for a full income tax calculation on how much you can reclaim. We can account for dividend income, other savings income as well as including pension contributions and charitable giving.
- Pre-fill from Cashflow – Ability to use the Cashflow information to prefill all current incomes entered for this client.
- Ability to save inputs – Revisit the calculator for easy comparison without the need to re-enter any inputs.
- Multiple tax free cash options – Whether your clients’ intentions are to take tax free cash first, a specific amount of cash or Uncrystallised Funds Pension Lump Sums (25%).
- Straight forward results – Immediately see the Net Cash received and the additional amount that could be reclaimed for this withdrawal.
- Comprehensive income tax breakdown – The calculator includes a full income tax breakdown for that tax year.
- Clear graphical outputs – On the results you will see a clear pie chart illustrating the elements of this withdrawal.
- Comprehensive report – The client friendly comprehensive report includes a clear and concise analysis that can help you assess the tax implications of taking this withdrawal. The report as always can be branded with your company logo and colour scheme.