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Calculate the rate at which your savings will grow.
Enter the details of your savings and press the calculate.
The initial savings amount.
The monthly savings amount.
The average annual interest rate.
The average annual inflation rate.
The number of years to save over.
The amount to consider as the investment into the fund.
The expected annual rate of return of the investment.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
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The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector.
From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users.