
TaxUK IQ
UK Tax app HMRC
About
What's New in TaxUK IQ
1.4
October 24, 2026
This update brings major new tools to help you manage your whole household's finances, not just your salary. MORTGAGE TRACKER Track your mortgage from setup to payoff. Log payments and overpayments, record interest rate changes over time, and see your running balance update automatically. A new Payoff Calculator lets you compare "stay as you are" against overpayment scenarios side-by-side, showing how much time and interest you could save. Dashboard KPIs show what you've borrowed, paid, still owe, total interest, and your available equity based on your property value. Save and load multiple mortgage scenarios, just like your tax scenarios. SMARTER, UK-ACCURATE INTEREST CALCULATIONS Mortgage interest now accrues on every calendar day, including weekends and bank holidays, exactly as your bank calculates it. Payment and collection dates automatically roll to the next (or previous) UK working day when they fall on a weekend or bank holiday, using up-to-date England & Wales, Scotland, and Northern Ireland bank holiday calendars. You can choose whether interest should be calculated to the contractual date or the actual collection date, giving you full control to match your own bank statement. BUDGETING TAB Plan your household spending across mortgage/rent, utilities, insurance, council tax, subscriptions, loans, gym memberships, banking charges, charity giving, professional bodies, and more. See monthly vs. annual commitments separately, track regular savings and fuel costs, and view a KPI dashboard showing exactly where your money goes compared to your take-home pay. Save, load, and clear budget plans independently from your tax scenarios. PARTNER INCOME Add your partner's income, either a full PAYE calculation or a simple net pay entry, so your household budgeting reflects your combined financial picture, not just your own. PENSIONS TRACKER Enter details for all your pensions, current and legacy. For current pensions, see a projected retirement income based on your chosen retirement date. For legacy pensions, see 4% growth projections to maturity, including the option to take a tax-free lump sum. If you have several pensions taken in different years, see a combined summary of income and tax for each year, calculated using the tax rules that will apply in that year. SELF-ASSESSMENT AND MAKING TAX DIGITAL Self-employment income can now be logged with proper date ranges rather than single entries, fully itemized expense categories aligned with HMRC guidance, Class 2/4 National Insurance, and payments on account. The Making Tax Digital calculator is now built directly into your Other Income overview. OTHER IMPROVEMENTS Refined, more modern interface across the app. Improved keyboard handling, so entry fields no longer get hidden. Face ID sign-in reliability fixes. Subscription options now include both Monthly and Lifetime, even if you're switching plans. General performance and stability improvements. Thank you for using TaxIQ UK! As always, we'd love to hear your feedback.
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