Prudential - The return of the tax relief modeller
23 July 2020
I’m a happy chappy this week. I no longer need to answer the question “when will the tax relief modeller be back?” with “soon”, now the answer is “it is!”. Like a phoenix from the flames, our tax relief modelling tool is back online.
I can tell you, doing 700+ tax sums using paper, pencil and a calculator, for scenarios with multiple income types, multiple bond gains, gift aid, child benefit issues and pensions contributions (and then doing them again on Scottish rates) gets a little bit dull after the first 400 or so…
But things brightened up when the team decided it was working as intended. If you want a tour then contact your account manager or you can access via the link.
Use tax relief modeller →
And there's more
With the “will tax relief be going at the budget” bandwagon rolling out of town I thought I best jump on. My musings on why people might want to buy a pension “while stocks last”, read it here.
To support the return of the tool we’ve some new pension tax planning themed “Technical Shorts”. Alongside those, Graeme has a short steps video. Thankfully nothing to do with the UK dance pop sensations, he’s covered the 7 steps of the UK income tax computation. It’s the foundation of so much in the financial planning world and well worth a watch.
Drop me a line if you’ve any thoughts or feedback.
Cheers
Les
