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New tax calculator will display marginal rate, Dan Neidle notes

New tax calculator will display marginal rate, Dan Neidle notes
Tax calculator to show marginal rate

Dan Neidle previewed a tax calculator that not only shows how much tax people pay currently but also displays how much tax will be paid on the next £1, indicating the marginal rate.

Neidle added that the calculator will be published straight after the Budget and invited feedback on the preview.

Neidle has recently analyzed tax developments including the challenges facing capital gains tax changes in his article on short-term revenue concerns around CGT reform. He has also written about the impact of Conservative inheritance tax policy, outlining the potential for a £400,000 increase in inheritance tax for homeowners downsizing from £2 million to £1 million properties in a separate assessment. The new calculator follows these commentaries on evolving UK tax policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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