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The nominal rate of interest applied.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

The latest news

18 Jun 2026

Financial losses from scams hit £1.3 billion a year

Cases of fraud in the UK have surged, with almost £1.3 billion stolen by scammers in 2025, according to UK Finance.

17 Jun 2026

UK inflation rate remains at 2.8%

The UK's inflation rate remains at 2.8% in the year to May, according to the latest data from the Office for National Statistics (ONS).

16 Jun 2026

Expansion of 'uncertain tax treatment' rules cause for concern

Government plans to extend the rules requiring some taxpayers to declare 'uncertain' tax positions risk creating more compliance burdens and tax disputes according to the Chartered Institute of Taxation (CIOT).