Good News From The Tax Man (1 Viewer)

[ramsthom]

A few months ago we registered with HMRC for the new Marriage Tax Allowance of £1050 that was going to be implemented after the election. My B.H received an e mail last week to verify herself with the tax office which failed due to her not having a credit record ie no driving licence, credit card. Last Wednesday she contacted the tax and after supplying both our national insurance numbers they said it would be processed it in due coarse. I was expecting a long wait but surprise surprise I received it today. Now £205 better off

 

[Clickem]

Thank you for the "heads up". Have just applied

 

[robrace]

That's good news.I still work part time and pay tax at the 20%rate!My wife gave up work over a year ago and her pension doe'snt come to the tax threshold so doe's that mean we can apply for it!!

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[Snowbird]

WHAT,,,The tax man actually gave YOU money. Thats a new one.

 

[Clickem]

That's good news.I still work part time and pay tax at the 20%rate!My wife gave up work over a year ago and her pension doe'snt come to the tax threshold so doe's that mean we can apply for it!!

That is our circumstances and from what I have read you should register

https://www.gov.uk/married-couples-allowance/overview

 

[Puddleduck]

Neither of us pay tax..... not enough income.

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[32143]

Thanks for the info, will be phoning them tomorrow.
You learn something new everyday day on here
Lin

 

[Minxy]

Neither of us pay tax..... not enough income.

What's income? We don't get nowt!

 

[Judge Mental]

quote:

"You can claim Married Couple’s Allowance if all the following apply:

• you’re married or in a civil partnership
• you’re living with your spouse or civil partner
• one of you was born before 6 April 1935"

fat lot of good that is! I was getting all excited as well

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[Chris]

quote:

"You can claim Married Couple’s Allowance if all the following apply:

• you’re married or in a civil partnership
• you’re living with your spouse or civil partner
• one of you was born before 6 April 1935"

fat lot of good that is! I was getting all excited as well

There is another allowance though for those born after 1935.

 

[Clickem]

Sorry I posted the wrong link. This should be for those born after 1935

https://www.gov.uk/marriage-allowance

Born before 1935 - married couples allowance

Born after 1935 - marriage allowance

 

[wingman]

I got all excited for a mo'. Born after 1935, so don't qualify. I earn more than £10,600 so don't qualify!

Oh well

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[Minxy]

fat lot of good that is! I was getting all excited as well

Serves you right for being a 'young' sugar daddy and marrying a child bride!!!!

 

[ramsthom]

Wingman. Its a transferable allowance. My income is greater than £10600 but my wife has an income well below £10600. Its the unused tax allowance of £1050 that has been transferred to to me. Its increased my tax code by 105 so over the tax year and paying 20% tax I receive an extra £205. Please note Its the person transferring the allowance who has to apply not the one receiving it.

 

[Moodybrook]

Its the unused tax allowance of £1050 that has been transferred

Does she have to be employed, or can she transfer the allowance that is not being used as she is just on a wee pension ?
I am still working and being crucified with tax !

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[ramsthom]

Moodybrook. As I understand it she can transfer the allowance if she receives a small pension. Calculate ALL her yearly income including pension and savings interest, etc and if its £1050 or more below £10600 she can transfer it. Basically any tax allowance she has spare below £10600 up to a value of £1050 can be transferred to you.