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Childcare Vouchers
11th April 2011 The date for availing of the maximum tax benefits for childcare vouchers has passed. Thanks to those of you who pointed out the fact that these savings were not being reflected in the calculator for the 2011 tax year. I've now corrected this by adding an option to select the date you signed up to your childcare voucher scheme. Thanks, as always for the feedback.
The time is fast running out for those of you who want to make the most savings possible for Childcare Vouchers. If you are a higher rate tax payer and do not join a Childcare voucher scheme before April 6th 2011, then you will miss out on some considerable tax savings.
2011 / 2012 Tax Year Changes
Sunday Feb 27 2011; Made good use of a quiet day today while watching the Ireland v Scotland 6 nations and updated the tax figure for the upcoming 2011 budget. The default values for the year is still at 2010/2011 so you'll have to change this to see what the next year's budget is going to take away from you, because believe me, your wage packet is going to be smaller after April 6th.
2010 / 2011 Tax Year Changes
Emergency Budget SummaryWell, nothing changed for this tax year. I'll see if I can put together a provisional 2011 tax calculator using the figures released, and some guesstimates on tax bands etc.
Emergency Budget 2010Tomorrow, Tuesday June 22nd 2010, is the day that the Conservative / Liberal Democrat coalition government will lay out their first budget. I'll endeavour to get the proposed changes up as soon as is possible to let you know what the impact will be of these changes.
April 6th 2010. We're up and going with the changes to the 2010 budget. As always, I'd appreciate it if the diligent amongst you alert me to any issues you may find. Drop a line to support Thanks, Paul.
March 23rd 2010: The tax calculator will be updated in the coming week to reflect the pending changes to the tax system for the new tax year.
Thanks to all of you for your suggestions to improve the functionality of the calculator.
Apple iPhone app.
The top selling listentotaxman iPhone / iPod tax calculator has now been updated for the 2011 tax changes., but to all of you who want to use it now, the updates for the 2010/2011 tax year will be provided free of charge. Thanks for your continued support of the site by purchasing this application.
March 2nd 2009: Annual Update.
I've just updated the figures for the new tax year. And, after many, many requests, I've included the employers national insurance breakdown.
September 5th: New allowance rates now added
The climb down on tax free allowance rate announced some months ago comes into effect tomorrow. As a result of these rates coming into effect half way through the year, net monthly and weekly take home pay should be more than the calculator states. (to make up for the first few months of the tax year). Thanks again for all your comments via email. I do read them all.
12th April. Pensions are go.
I've added the first installment of changes to account for pension payments from gross wages. I know that there are changes with respect to National Insurance contributions to take into account also, but I'll get that sorted in a while. I hope everyone knows that if you are a higher rate taxpayer, i.e. you earn more than your tax free allowances plus £34,800, you need to either contact hmrc to get your tax code changed, or you need to complete a self assessment tax return in order to get the higher rate tax relief margin paid into your pension. You can contact me if you need any clarification on this. Paul.
To those of you who have missed out this time; Don't worry, we'll be providing a digest report of the best bits of the session. With the new tax year only a couple of weeks away, I hope this will prove useful.
The thing to remember about the new tax year starting, is that the current tax year is about to end.
03 March 2009. I'll be updating the calculator for the new tax year in the next couple of days. If you want to sign up as a tester or want to be notified when the site is updated, send an email to Beta Testing.
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