Tax calculator: How Rishi Sunak’s budget will affect your finances

·1-min read
Social media sites and search engines pay 2% of their revenue under the UK tax (Dominic Lipinski/PA) (PA Wire)
Social media sites and search engines pay 2% of their revenue under the UK tax (Dominic Lipinski/PA) (PA Wire)

Will you be better or worse off from Rishi Sunak’s 2021 Autumn Budget?

Unfortunately, the likelihood is you’ll be worse off. Preannounced tax changes that come into force next year will leave Brits facing the biggest tax burden since 1950 according to the Office for Budget Responsibility.

Tax experts Blick Rothenberg have created a below tax calculator to help people estimate how their tax bill could change after today’s announcements. Use the tool below to find out. Just enter your details and click the arrows to navigate through all the criteria.

Note: Alcohol duties remain frozen this year, but are subject to simplification in future years. Child benefit rates have not been changed in the Autumn Budget announcement but are subject to review in November 2021

The tax calculator does not store personal data.

Read More

Budget 2021 key points: Highlights of Rishi Sunak’s speech

Budget 2021 alcohol duty: Wetherspoon, Marston’s and other pub shares jump as Rishi Sunak knocks 3p off a pint

Budget 2021: Rishi Sunak promises ‘we will help families get by’

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting