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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.

25 Jan 2021

LITRG calls for rise in High Income Child Benefit Charge threshold

The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in April.

15 Dec 2020

Trading changes following Brexit

Outlining the changes that took effect from 1 January 2021.