In the ‘Taxes’ tab, you’ll find your suggested amount to set aside for tax. This amount includes both National Insurance and Income Tax.
The figure you see here is based on the rate you have selected, along with the income and expenses from your transactions that have been categorised as business income and/or expenses.
Any transactions categorised as 'Personal' will not be taken into account.
To amend the set-aside rate, tap ‘Set-Aside Rate’ and choose the savings rate that you feel would best suit you, based on your projected income.
Got Employment income, rental income, or a student loan?
You'll need to choose a custom rate. Check out our guidance.