Estimate UK tax on private-equity carried interest under the 2024/25, 2025/26 (32% flat) and 2026/27 income-tax rules.
Enter your gross carry
Type the carried-interest payment you have received or expect to receive (typically 20% of fund profit above the hurdle). Use the gross figure before any tax.
Deduct allowable costs
Enter the manager’s co-investment cost or other directly attributable acquisition costs. These reduce the chargeable amount under both the 2025/26 flat rate and the 2026/27 income-tax regime.
Pick the tax year
Choose 2024/25 (up to 28% CGT under the old regime), 2025/26 (32% flat rate), or 2026/27 (proposed: income tax + Class 4 NIC on 72.5% of qualifying carry).
Add your marginal rate
For 2026/27 modelling, enter your income tax band — 45% additional-rate carry produces an effective ~34% rate after the 72.5% multiplier and Class 4 NIC.
Compare net carry across regimes
Side-by-side comparison of the tax due under each regime. Useful for managers considering acceleration, deferral or restructuring of their carry vehicle ahead of April 2026.
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Disclaimer: All results are estimates for guidance only and do not constitute financial, tax or legal advice. Always consult a qualified professional.