How it works
Profit = revenue − expenses; reserve = max(0, profit) × reserve rate.
Input definitions
- Revenue collected
- Enter the value in the labeled unit.
- Deductible business expenses
- Enter the value in the labeled unit.
- Combined reserve rate (%)
- Enter the value in the labeled unit.
A worked example
- Revenue collected
- 10000
- Deductible business expenses
- 2000
- Combined reserve rate (%)
- 30
Assumptions & limits
Planning arithmetic using your supplied amounts, rates and policy. Use one currency for all money inputs; results use 2 decimal places. No statutory entitlement, automatic tax rule, live exchange rate or provider quote is inferred.
Sources & review
Maintained by AnsRio. Methods and examples use automated checks; this does not imply independent professional certification.
Method updated 2026-10-17. Content checked against the stated method and examples. Our verification approach.
Common questions
Does a tax estimate include every credit, relief and payroll deduction?
Only items explicitly listed in the supported scope are included. Check the stated tax year, country, income definition and exclusions before comparing with an official return or payslip.
How does the Freelance tax set-aside planner tool work?
Profit = revenue − expenses; reserve = max(0, profit) × reserve rate.
What are the assumptions and limits of Freelance tax set-aside planner?
Planning arithmetic using your supplied amounts, rates and policy. Use one currency for all money inputs; results use 2 decimal places. No statutory entitlement, automatic tax rule, live exchange rate or provider quote is inferred.