Tax Refund Eligibility Calculator

How much is my Tax Rebate worth this year?

If you aren't sure whether you're able to get a refund this year, use our Tax Calculator to check and then you just need to decide how to spend it. Using this calculator instantly gives you an estimate of how much of a tax refund you could be owed from HMRC.

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* Please note this calculation is based on an estimate and using the information you provided. Contact us for an exact calculation of your HMRC tax refund.

How ToAm I due a tax rebate?

To find out if you could be owed a tax rebate you'll need to know the following:

  • The tax years you want to claim for
  • Your gross income - the total income before tax
  • Total amount of tax paid in those tax years
  • The total amount you've spent on necessary business expenses. This can be anything from travel, food, accommodation, uniform upkeep, tools or subscriptions.

Put these numbers into our handy tool and in seconds it will give you an estimate* of what HMRC could owe you.

Why use RIFT Refunds?You will benefit from

RIFT Refunds Guarantee

RIFT Guarantee

If HMRC wants your refund back, we cover it.

 

No hidden costs with RIFT Refunds

No hidden costs

It costs nothing to find out if you have a claim.

Peace of mind with RIFT Refunds

Peace of mind

We've reclaimed over £300 million.

We do the hard work

We do the hard work

94% want to claim again with RIFT.

RIFT GuaranteeOur guarantee means you'll never lose a penny

The RIFT Guarantee means you've got no worries about the taxman. As long as the information you've given us is correct, you're completely protected against HMRC inquiries about your tax rebate claim. If HMRC ever dug its heels in and demanded some of your refund payout back, we'd pay them ourselves at no cost to you! That's the magic of the RIFT Guarantee, protecting both you and your refund cash.

Tax Rebate CalculatorWorking out your PAYE take-home pay?

When you pay your tax through the Pay As You Earn system, HMRC takes a bite out of your money before you even get it. The cash the taxman grabs this way goes toward your Income Tax and National Insurance Contributions, pension contributions and any Student Loan repayments your making. What you actually take home after all that is based on your tax-free Personal Allowance.

Pretty much everyone qualifies for some kind of Personal Allowance. Your allowance shows up in your tax code and determines how much you can earn before the taxman gets his cut. For the 2020/21 tax year, for example, the standard Personal Allowance is £12,500. Anything you earn up to that threshold is tax-free.

After you’ve used up your Personal Allowance, you move into the basic rate Income Tax bracket. If your earnings are high enough, the top end of them might push into the higher rate, meaning even more tax comes gets taken. Looking again at the 2020/21 tax year, the “tax bands” look like this:

  • Up to £12,500: 0%
  • £12,501 to £50,000: 20% (basic rate)
  • £50,001 to £150,000: 40% (higher rate)
  • £150,001 or more: 45%

With your Income Tax out of the way, you've got National Insurance Contributions (NICs) to consider. Your NICs go toward things like keeping up your State Pension eligibility, and the 2020/21 thresholds looks like this:

  • Earnings under £9,500 a year: 0%
  • Earnings between £9,500 and £50,000 a year: 12%
  • Anything over £50,000 a year: 2%

Need more help?

Wondering if you can claim a tax refund or need to submit a tax return? Use our online tools to find out if you're owed money by HMRC.

Do I Qualify?

Speak to us 6 days a week.
Mon-Thurs 08:30 - 20:00
Fri 08:30 - 18:00 and Sat 09:00 - 13:00.
RIFT Refunds, The Cobalt Building, 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF

Call us on 01233 628648

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