You should not rely on this calculation as it is for guidance only and shows an approximate figure.

The calculator assumes that all the details provided remain the same from one tax year to the next. The calculator also assumes that there is no income from investments and all figures are rounded to the nearest pound. There may be other allowances which are not taken into account in this calculation such as blind person's allowance, married couple's age allowance and tax credits.

The calculator assumes that you will be over the state retirement age if you have selected the 'female aged 60-64' option.

This calculator was provided by Grant Thornton UK LLP. You can find out more about Grant Thornton's Budget coverage by clicking here.

While every care has been taken to ensure that the results generated by the tax calculator are accurate, these tax calculations are a guide for Budget illustration purposes only and should not be relied upon for calculating tax liabilities, completing self-assessment returns or otherwise. No responsibility can be accepted by Grant Thornton for loss occasioned by any person acting or refraining from acting as a result of use or otherwise of the calculator.