You can use this calculator to work out an amount of child maintenance for your children. You can change your cookie settings at any time. The calculator uses the Consumer Price Index (CPI) as this is the measure used by the Government to set the Bank of England’s target for inflation. CPI estimates before 1988 are modelled based on data collected for the Retail Price Index (RPI). Monthly calculations of the current year are based on the latest CPI level, whereas previous years use their calendar year averages. The calculator uses Consumer Price Index (CPI) inflation data from the Office for National Statistics from onward.
Finally, CHAPS payments are more commonly used by businesses or as a one off when purchasing something costly. However, for more regular payments (for example your monthly mortgage direct debit) this is most likely to be completed via a BACS payment. For transferring small sums to friends and family, this is usually done through faster payments. You can check other providers using the Faster Payments website, at /sort-code-checker. With CHAPS payments, funds are likely to clear within the same day.
BACS payments typically take 3 working days to clear, and can be up to the value of £20 million for retail clients. Typically, most people receive their salary from their employer via BACS payment of some type.The main use of these are for payments made by direct debit. BACS, CHAPS and Faster Payments are all electronic payments, however there are some important differences between them to help you understand when and how they should be used. For more information please read our FSCS leaflet or visit the FSCS Website. Your savings with us are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. If we reduce your interest rate and you have a balance of £100 or more, we will contact you by post before the changes are effective.
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An interest rate is a percentage of how much you will earn based on the amount you save. Click ‘calculate’ and it will show you how much interest you will earn after 12 months and how much your total savings will be worth after a year. This includes any money in regular bank accounts, savings accounts, ISAs, percentage formula bonds, investments, shares, or informal savings.
Rental yield is the amount of return you can expect to achieve annually for a property you let. If you would like to calculate your Gross Profit, and Gross Profit Margin, please enter the details of your sales below and press the Calculate button. The system will then automatically allocate the funds to the correct account based on the roll number stated in the reference box. A roll number is your savings account number, which is used to identify a member’s account with the building society.
You can open a savings account at any of our branches, no appointment is needed. If you post the form, your proof of your new address must be certified. You can post your amendment form to our Tipton Head Office or deliver it in person to any of our branches. We understand everyone’s needs are different which is why we offer a wide range of savings accounts. All savings account providers are required to show a Summary Box for each account.
Find out how much money is moving in and out of your business with our free cash flow calculator. Calculate your gross profit margin with this simple calculator. Handy calculators & tools for people who are in business, or planning to be.