Financial tools and calculators to help you manage your money

Money management can involve lots of paperwork and, at times, a lot of mental maths. That's why sometimes it helps to have someone else do the number-crunching for you! To make planning your finances easier, we’ve gathered the handiest online tools for your investments, savings, pensions, taxes and more. So get comfy and let’s sort out your finances.

Investing and saving calculators

Compound interest calculator

Whether you’re curious about what making regular investments could add up to over time, or you have a specific target you’re aiming for, this simple calculator from Nutmeg can help you estimate the future value and growth of your portfolio in just a couple of clicks.

Stocks & Shares ISA calculator

If you're investing with a tax-free Stocks & Shares ISA, this handy Fidelity calculator can help you to estimate the future value of your pot based on different annual growth rates. Plus, it helpfully shows you your total contributions (before any investment growth) and the value of your potential returns.

Dividend tax calculator

If you're investing outside of an ISA and earning dividends, you may have to pay a tax on this income if it exceeds the annual allowance. For the 2024-25 tax year, the dividend allowance is only £500 - meaning any dividends over this threshold will be taxed at different rates depending on your Income Tax band. Which? has a super helpful dividend tax calculator which can help you work out if you're liable and for how much.

Pension and retirement calculators

Understand your drawdown options

This calculator from the government's MoneyHelper service can help you to explore your options for taking money from your pension pot via drawdown. It can help you to shop around for pension drawdown products, compare annual charges and see different providers' investment options.

Workplace pension contribution calculator

Unless you’ve opted out, employed adults over the age of 22 and on the PAYE system should be paying into a workplace pension scheme. Both you and your employer make monthly contributions. To see how much you're paying in and the amount your work is contributing, try the MoneyHelper calculator below.

Carry forward and annual allowance calculator

Did you know that if you have any pension allowance left over from previous years, you can carry it forward to this year? The annual pension allowance for the 2024-25 tax year is £60,000. To work out if you're able to carry forward some of your unused annual pension allowance, check out Hargreaves Lansdown's carry forward calculator below.

Pension drawdown calculator

If you’ve reached the ripe age of 55 and are ready to start withdrawing some of your pension pot, you can typically take out up to 25% as a tax-free lump sum. This drawdown calculator from PensionBee can help you to estimate what income withdrawals are sustainable for your pot, plus how you can expect to be taxed.

Pension annuity delay calculator

Is it worth taking your annuity payments straight away or should you wait a few years? With this annuity delay calculator from Hargreaves Lansdown, you can weigh up the costs and benefits to make an informed decision about when might be the best time to start using your annuity.

Tax calculators

Income Tax calculator

Income Tax is one of the primary taxes UK adults pay and can be as much as 45% depending on your salary level. This simple HMRC calculator can give you an indication of how much Income Tax (and also National Insurance) you have to pay based on your income.

Council Tax calculator

Almost every council across the nation has upped the price of living there in recent years. But by how much? Just pop your postcode into this handy Council Tax calculator from Which? and get an answer lickety-split. Simple as!

National Insurance calculator

It’s easy to forget about National Insurance (NI) sometimes. Either it comes out of your pay packet automatically or it’s just another thing to remember at self-assessment time. Keep on top of things with this handy NI calculator from Which? to help you work out how much your National Insurance contributions will be in the 2024-25 tax year.

Inheritance Tax calculator

Will you have to pay Inheritance Tax (IHT) on the stuff you leave behind? With the tax-free threshold for individuals at just £325,000, more and more are having to plan around IHT than ever before. Input your savings, properties and debts to this Charles Stanley calculator to work out if your estate will be liable for IHT.

Property tax calculator

It can be tricky to work out how much Capital Gains Tax you owe when selling property. As if selling a home isn't stressful enough, it doesn't help that thresholds have been fiddled with in recent years. Fortunately the HMRC website has a calculator which can do the number-crunching for you.

Child Benefit tax calculator

Are you able to claim Child Benefit? The rules around how to claim this benefit for higher earners recently changed, meaning claimants who earn between £60,000 and £80,000 per year will see their Child Benefit gradually taper down to zero. To check how this might impact your claim, use the government's handy Child Benefit tax calculator to plug in your own numbers.

Money management tools

Inflation calculator

Ever wondered how your money is being affected by inflation? Find out how inflation affects the buying power of your savings, and how much growth you need to make sure you aren’t losing out, in this easy-to-use inflation calculator from Hargreaves Lansdown.

Benefits calculator

The Moneyhelper benefits calculator can give you with a quick estimate of which different benefits which you may be eligible for - such as Universal Credit, the Warm Home Discount and free school meals - and all you have to do is answer four simple questions.

Budget planner

With this detailed budget planner from MoneyHelper, you can get a snapshot of your annual income and expenses to plan ahead and check you’re on track. Just enter your earnings and spending to get a breakdown of your personal finances and some handy pointers to make the most of your money.