Wednesday, February 10, 2016

Worth a try ?

A friend told me that if your partner does not use all their tax allowance the unused bit can be transferred to the higher earner.  Go to gov.uk/marriage-allowance  to apply.  It is the lower earner that applies for the transfer to the higher earner.  If it works the higher earner pays less tax!

5 comments:

KevinTOO said...

It's far better in your pocket Chas...
The Government would only waste it... LOL

Judith Emery said...

We did it last year when it was in the papers. It's only £250 but better we have it.
Judith and John nb Serena

Chas and Ann said...

This what the taxman will do:-
"We’ll reduce your (Ann's) personal allowance by £1,060 and increase your spouse (Chas') or civil partner’s allowance by the same amount. This will apply for the current tax year and will continue into future tax years."

Chas and Ann said...

Sorry Sue. I inadvertently deleted your comment.

This is the website to go to:-

www.gov.uk/marriage-allowance

Randy said...

Hello my name is John NBoat Freespirit yet another one I went onto your link and found it easy and managed to get the allowance or at least I think it's just a case of waiting. Than you for that,John.