Do you need to spring clean your finances? These handy online calculators make it simple to work out how much your money is worth now, and how to boost your future financial prospects.
Make a savings goal
For a simple guide to growing your savings, take five minutes to complete the free interactive calculator at Money Advice Service. Input details of your finance goals and it will tell you how much to put away and for how long, and explain your savings options.
Plan paying off the mortgage
If you still have a mortgage, are you thinking of switching lenders or trying to clear the debt faster? The handy range of mortgage calculators at Know Your Money can show the effects of overpayments, fluctuating interest rates and choosing to move if you are saddled with early repayment charges.
See what your pension is worth
Discover just how much – or how little – you could be living on when you reach retirement by answering the questions at Aviva’s pension calculator. It uses something called stochastic calculation to offer a personal report on your potential income, and show how small changes made now could affect that potential.
Plan your inheritance tax
Inheritance tax planning is a must for anyone with an estate worth more than £325,000, and good place to start is the inheritance tax planning calculator at Scottish Widows. Take a few minutes to input your assets and liabilities and it will provide a basic guide to the value of your estate, the potential IHT bill and the amount left over for beneficiaries.
Keep on calculating by visiting Invidion, where you will find over 30 financial calculators, covering everything from endowment shortfall to life insurance cover. In case your financial future is looking bleak, the site includes a National Lottery random number generator!