welcome to walleto - helping you make sense of your money with free and easy to use planning tools

We can provide you with an invaluable picture of your personal finances in less than 5 minutes!

Creating an accurate budget is a vital part of controlling your finances - it provides you with two key planning figures:

• The amount of money you are spending against the amount of income you have coming in - measuring these two statistics will let you know if you are spending more than you earn or if you have potential to build your savings.
• By gathering your expenditure you can see where you can afford to cut spending and where to increase - prioritise what is important and cut out what is not required.

We have put together two comprehensive budget calculators:

• Our Budget Calculator takes your income details along with the amount of fuel, tobacco and alcohol you use, and returns the effect the UK Budget has had on your specific household for the 2012, 2013, 2014, 2015, 2016 and 2017 tax years.
• Our Personal Budget Planner is a one stop solution to either getting an overview of where your money goes or forecasting the effect of income or lifestyle changes on your budget. It will provide you with the amount other people who match your profile spend in each category of expenditure as well as where your income level lies within people with similar households. It is simple to use and will provide you with easy to digest information helping you to plan your finances quickly! You can print the budget out in a special report form to use to keep as a tracking tool.

Our budget calculators were put together by using the complex tax calculation system used by our suite of UK Tax Calculators and UK Tax Calculators Wizard.

The Budget Calculator builds upon this by including lifestyle taxes and duties as well as taking into account benefits and tax credits. As the calculator is broader in its scope we have provided it for you as a separate calculator for the 2012, 2013, 2014, 2015, 2016 and 2017 budgets. For more precise and specific calculations for income tax, including pension schemes and salary sacrifices, including Childcare Voucher Salary Sacrifice, use our Tax Calculator website.

Our Budget Calculator includes:

• Pay As You Earn - Income tax due on paid employment. Our calculator will take into account the full range of taxation this incorporates by correctly calculating your tax free allowances and accurately placing the amount of tax you need to pay within each tax band. We also calculate National Insurance Contributions - for paid employment these are Class 1 contributions and are generally based upon NIC Letter A.
• Self Employment Profits - Income tax due on self employment. Including Class 2 and Class 4 National Insurance Contributions.
• Property Rental Profits - Income tax due only.
• Dividends - Income tax due on dividends are calculated in a different manner to regular remuneration, have different bands and are subject to dividend tax credits.
• Capital Gains - Capital gains have their own individual annual exempt allowance.
• Other Income - Other income sources taken into account include savings income and redundancy payments.
• Tax Credits - The calculator will deduce the tax credits that are available to you or your partner (or in a joint claim) by taking your circumstances and income into account.
• Child Benefits - Child benefit is calculated for you.
• SPA - State pension age and amount are calculated.
• Duties - Fuel, Tobacco and Alcohol Duty is checked against your usage.
• Vehicle Excise Duty / Road Tax - VED is calculated against for you.
• Company Car Tax / BIK - If you have a company car the company car tax is evaluated by checking the banding and BIK tax due.