The Salary Calculator

Election Comparison Calculator launched!

by Admin

With a general election now called for 6th May, the major parties have started campaigning and promoting their policies. All have policies related to taxation, and The Salary Calculator has tried to show you what their different policies may mean to you.

The Election Comparison Calculator aims to help you see the differences between the major parties’ policies on personal income. Using the information available, the calculator estimates how their policies would affect your take home pay. As described on the Election Comparison Calculator page itself, not all the details are available at the moment, and probably won’t be until the next government holds its first budget. However, the details they have provided allow the calculator to estimate what those changes would mean to you.

All the details used to create the calculator are available underneath the results. As explained in that description, the calculator considers PAYE changes – each party also has other economic policies which may affect you in other ways, such as stamp duty or inheritance tax. Some assumptions have had to be made – if you can help provide more detailed information then please contact us. So why not try the Election Comparison Calculator and see what you learn?

Tags: 50% tax, April 2010, Economy, election, income tax, national insurance, National Insurance, Pay As You Earn, pension, Pensions, personal allowance, recovery, tax rates, The Salary Calculator

3 Comments to Election Comparison Calculator launched!

1. 

   You may wish to consider having at least some refference to the local income tax that Lib Dems propose. Your tax calculator makes no note of this at all, and with a proposed average value of 4.5%, it would certainly skew the income figures.
Chester on April 20th, 2010
2. 

   As the details of the Liberal Democrat’s local income tax aren’t finalised and since (like the Green Party’s planned merge of income tax and National Insurance) they don’t plan to implement this local tax until a few years in to their Parliament, I have noted the details in the “about” section but have not included it in the calculator.

   It would be interesting to see how it affects take-home depending on where you live, and whether (once the lack of council tax is taken into account) it makes you better or worse off. If these details become available I’ll include them in the calculator.

   Thanks for bringing it to my attention!
admin on April 20th, 2010

3. […] area that was to be decided by this election was income tax and National Insurance. As I wrote previously, all the parties had set out in their manifestos their intended changes to the PAYE system. I put […]
Election come down | The Salary Calculator on May 8th, 2010

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