Calculators
Useful tools and calculators from the Money Advice Service.
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This tool helps to guide how much you’d pay each month, while highlighting that the exact amount will depend on the type of mortgage and the lender. Users are encouraged to scenario test the effects of changing interest rates, deposit amounts and repayment terms, alongside steps to take to improve your options.
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This calculator gives an estimate of the income you’ll get when you retire. It includes income from workplace schemes and private pensions contributions, plus your basic State Pension before outlining any shortfall and tips for addressing it.
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This handy tool helps users to understand how long it will take to save a specific amount, or how much they need to save to have enough by a particular date.
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The tool gathers information about the user’s particular redundancy circumstances to provide tailored information relevant to them and informing users of their legal rights and statutory redundancy pay. It encourages users to use the budgeting functionality to work out how long any pay off will last and provides information about entitlements to benefits. Your tailored advice plan can be printed at the end of the tool.
Try it out on MAS website:
www.moneyadviceservice.org.uk/en/tools/redundancy-pay-calculator
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Loan calculator helps to visualise the monthly cost of one or several loans and will output a date from which you will become debt free. From there, a you can prioritize existing loans and scenario test the effects of payments increases/decreases.
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This infographic provides a fantastic overview of the key financial considerations when dealing with the very emotional subject of divorce. By giving people a clear outline of the money side of things, this will help people feel more in control of their situation.