Budget for your Self Assessment tax bill if you're Self-Employed
Use the self-employed ready reckoner to budget for your Self Assessment tax bill for the 2019 to 2020 tax year.
Enter your estimated weekly or monthly profit to get an idea of how much Income Tax, Class 2 and Class 4 National Insurance you will pay.
What you Need to Know
This tool assumes you have no other taxable income and receive the standard Personal Allowance. It does not include payments you must make for previous tax bills - known as payments on account.
Further information on Budgeting for your Self Assessment tax bill can be found on GOV.UK's website.