
Want to know how long it'll take you to save for something special? It's not all that easy to work it out when you take compound interest into account. This calculator will help you work it out!
The calculator doesn't currently take tax into consideration. For best results on what
your posttax earnings will be, enter your Net interest rate. If you're a higher rate tax
payer, then you may have additional tax to pay on savings.
As tax on savings is currently charged at 20%, your net interest rate can be calculated
from your gross interest rate as net = gross * 0.80.  For example, if you know your gross
interest rate is 5%, your net rate will be 4%
