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The nominal rate of interest applied.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

The latest news

28 Feb 2020

Off-payroll working rules get green light for April

The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020.

27 Feb 2020

IFS urges Chancellor to raise taxes in upcoming Budget

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.

26 Feb 2020

UK public spending to top £1 trillion a year, predicts think tank

Government spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted.

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