Step 2 Work out your business and household budget

If you run your own business you will normally be a sole trader, a partner in a partnership or a director of a limited company. This is called your 'business status'. Our budget tool has a range of tailored budgets. Which is the best budget for you will depend on your business status and your other circumstances. Use our short decision tree, to find the budget that is right for you. If you are not sure, contact us for advice.

As of 6 April 2017 HMRC has made changes to your tax allowances and National Insurance limits. We have updated our information sheets and our budget tool to reflect this. If you have previously completed a budget, the new calculations will be made once you log into your budget again. You may notice minor changes.

Please also be aware that from 6 April 2017 tax allowances in England and Wales differ to those in Scotland. This budget is for England and Wales income tax payers only. If you are a Scottish income tax payer please load the budget from our Scottish site. You will need to click on the flag at the top of the page.

Are you a Scottish Income Tax payer?

  • Yes
  • No
Do any of the following apply to you?

Do you have a buy-to-let property? or
Do you pay tax through the Construction Industry Scheme (CIS) or
Do you have more than one job? or
Are you over State Pension age? or
Are you a foster carer? or
Are you a fisherman?
  • Yes
  • No
What is your trading status?
  • Sole Trader
  • Partnership
  • Limited Company
Do you have any shared outgoings between your business and household? If you are not sure you can contact us for advice.
  • Yes
  • No
Does your partnership have 5 or more partners?
  • Yes
  • No
Are you drawing a regular and fixed salary?
  • Yes
  • No
Do you have any shared outgoings between your business and household? If you are not sure you can contact us for advice.
  • Yes
  • No
Please complete the 'Business and household budget sheet' (with split outgoings)

View sheet
Please complete the 'Business and household budget sheet' (no split outgoings)

View sheet
Please complete the 'Partnership budget sheet' (with split outgoings) sheet

View sheet
Please complete the 'Partnership budget sheet' (no split outgoings) sheet

View sheet
Please complete the 'Household budget sheet'

View sheet
You need to speak to one of our specialist advisers

Webchat with us
Already done a budget?

If you have already saved a budget, you can reload it here to view or make changes.