This section allows sole traders to see a profit and loss statement based on transactions in the Starling account. and an estimation of their tax liability for the self employment part of their self-assessment tax return. This includes Income Tax, National Insurance and Student Loan repayments. The tool also allows users to create a Savings Goal to set aside money for their tax bill. Visit the tax section on the Online Bank to use this tool.
Learn more about the tax calculator: https://www.starlingbank.com/features/tax-calculator-for-sole-traders/