Crunch Personal Tax Estimator for the 2023/24 tax year

jcotton

Hi all,

Looking for this years tax spreadsheet but cannot spot it anywhere, can only find spreadsheets for previous years. Anyone know where its hiding?

Cheers!

Katie

Hi there,

Here’s a copy of the Crunch Personal Tax Estimator 2023/24.

All the best,
Katie

jcotton

Thank you Katie

ejd

Hello, I have a couple of questions on this estimator, perhaps someone in the forum can assist.
1) Contributions into a Personal Pension - should these be entered Gross or Net? (eg if pension provider applies relief at source at the basic tax rate, the amount paid in would be net but the total amount I would normally register on my self assessment would be the total amount they report, including the 20% relief)
2) Should rental income be declared even if it falls under the rent a room scheme threshold?
3) Are Charitable Contributions just those which are eligible for Gift Aid? And if so, please confirm that it is the total amount paid, not the gift aid amount that should be entered.
Thanks!

Katie

Hi ejd,

Please enter the net amount for your pension contributions.
If your rental income falls under the rent-a-room scheme and doesn’t result in taxable profit, you don’t need to include this.
You should total all qualifying charity contributions, regardless of whether Gift Aid was claimed. Our Knowledge article explains more about donating to charity.

Hope this helps,
Katie

ejd

Thanks Katie, that all makes sense, apart from question (3). I read the article, and it just describes the ways of donating to charity. I had thought that it was only those gifts that were associated with Gift Aid declarations that could be claimed for tax releif at end of year. Can you clarify? (note, this year I am giving from my personal account, not a company account). Many thanks

Katie

Hi Ejd,

In the article, there is a section called “What can I give to charity as a business?” This mentions that equipment, land/property and even employees’ time could be donated. If any of these apply, you’d include this in your total. For cash donations made personally, gift aid would need to apply.

All the best,
Katie

ejd

Hi Katie
I am specifically referring to charitable donations made personally, so the “as a business” section isn’t so relevant for me. Thank you for confirming on the personal donation part.
Best wishes
Emma

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