How much is my Tax Rebate worth this year?
If you aren't sure whether you're able to get a refund this year, use our Tax Calculator to check and then you just need to decide how to spend it. Using this calculator instantly gives you an estimate of how much of a tax refund you could be owed from HMRC.
* Please note this calculation is based on an estimate and using the information you provided. Contact us for an exact calculation of your HMRC tax refund.
To find out if you could be owed a tax rebate you'll need to know the following:
Put these numbers into our handy tool and in seconds it will give you an estimate* of what HMRC could owe you.
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The RIFT Guarantee means you've got no worries about the taxman. As long as the information you've given us is correct, you're completely protected against HMRC inquiries about your tax rebate claim. If HMRC ever dug its heels in and demanded some of your refund payout back, we'd pay them ourselves at no cost to you! That's the magic of the RIFT Guarantee, protecting both you and your refund cash.
When you pay your tax through the Pay As You Earn system, HMRC takes a bite out of your money before you even get it. The cash the taxman grabs this way goes toward your Income Tax and National Insurance Contributions, pension contributions and any Student Loan repayments your making. What you actually take home after all that is based on your tax-free Personal Allowance.
Pretty much everyone qualifies for some kind of Personal Allowance. Your allowance shows up in your tax code and determines how much you can earn before the taxman gets his cut. For the 2020/21 tax year, for example, the standard Personal Allowance is £12,500. Anything you earn up to that threshold is tax-free.
After you’ve used up your Personal Allowance, you move into the basic rate Income Tax bracket. If your earnings are high enough, the top end of them might push into the higher rate, meaning even more tax comes gets taken. Looking again at the 2020/21 tax year, the “tax bands” look like this:
With your Income Tax out of the way, you've got National Insurance Contributions (NICs) to consider. Your NICs go toward things like keeping up your State Pension eligibility, and the 2020/21 thresholds looks like this:
Wondering if you can claim a tax refund or need to submit a tax return? Use our online tools to find out if you're owed money by HMRC.
Do I Qualify?Speak to us 6 days a week.
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