Tax Pots
Choose a percentage of your income to automatically set aside for tax, every time you’re paid. Available on Monzo Business Pro.
Monzo Business Pro is £5/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
Choose a percentage to set aside
Every time you’re paid, we’ll move the money into your Tax Pot automatically for you.
Separate your money
Set money aside from your balance for things like overheads, budgets or other business costs – instead of opening a new bank account every time.
Get peace of mind
No more worrying if you've forgotten to save for your tax bill, and no more shifting around between accounts to see where your money is.
Creating a Tax Pot
Choose what percentage of your income you want to set aside. If you have instant notifications turned on, we’ll let you know every time you’re paid, and how much we’ve automatically put in your Tax Pot.
Move money in and out, change what percentage you set aside, or close your Tax Pot any time.
Your questions, answered
Easy to manage
You can have 1 Tax Pot at a time. But you can create other regular Pots in your account to separate out money, for things like expenses or overheads.
Somewhere to store, not spend
The money in your Tax Pot won't be part of your available balance, but you can move money in and out any time.
We don't offer tax advice
The amount you set aside is up to you. We can't guarantee that this is the right amount to cover your tax bill.