Net Worth Calculator

A net worth calculator can help you understand the overall picture of what you owe and what you own. Use this helpful tool to begin optimising the financial health of you or your household, or to check-in on the success of your current savings and investments strategy.

Net Worth Calculator FAQs

How is net worth calculated?

The basic net worth calculation takes a summary of all of your assets less a summary of all of your liabilities. To put it simply, it’s what you own minus what you owe.

EG, ASSETS - LIABILITIES = NET WORTH

This calculation does not include your income, but does include both your savings and any retirement funds you have.

Why should I calculate my net worth?

Calculating your household net worth and personal net worth is a good way to begin optimising your finances. This information will highlight areas of strength in your assets (where you should invest more into) as well as drains on those assets (which liabilities should you prioritise reducing).

Use your net worth in combination with our household budget calculator and savings calculator: these metrics can help you to understand where your money goes, what to do with your income, and the best way to reach your savings goals.

Do I have a good net worth?

Statistics from the ONS show that the average net worth for a UK household was £437,685 in 2021. A second batch of household wealth statistics collected by the ONS from April 2018 to March 2023 showed that the wealth of the top one percent of households was over £3.6 million, and the lowest 10% was £15,400. Based on these studies, you should be able to get a general picture of how your household net worth compares to the national average.

Now I know my net worth, what should I do next?

Once you’ve calculated your net worth, there are a number of ways you can use this information to better optimise your spending, savings and investments:

• Talk with a financial professional to see how you can better optimise your current net worth
• Use an “investment vs debt" calculator to see if prioritising paying off loans or making more investments will be a better investment for improving your net worth
• The same research from the ONS (referenced above) found that land and pensions are the two biggest contributors to net worth. See if spending more time investing money into your pension and land could have a positive impact on your overall net worth

Definitions

Tangible Assets: Tangible items that have a measurable monetary value.

Equity Assets: Investments into companies for a stake in the company and its shares.