Transfer of Tax-Free allowance to Your Partner.

If one of a couple does not pay income tax they can transfer up to £1,000 of their tax-free allowance to their partner resulting in a tax saving of £212/annum. You can register your interest in this at "gov.uk/marriageallowance" ready for when it comes into force. It will pay for my gin for a year !

Re: Transfer of Tax-Free allowance to Your Partner.

About time they brought something like this back, years ago I used to give my allowance to my husband as I wasn't using it. Never understood why they changed it.

Re: Transfer of Tax-Free allowance to Your Partner.

I just had a look and you have to be born before 1935

Re: Transfer of Tax-Free allowance to Your Partner.

I'm not 100% certain Eliza but I think you are talking about the married man's tax allowance which is a different thing.

Re: Transfer of Tax-Free allowance to Your Partner.

I will have another look Alan..

Re: Transfer of Tax-Free allowance to Your Partner.

On or after I read it as

Re: Transfer of Tax-Free allowance to Your Partner.

Yes you are right Alan ,i was taken to the wrong page .
Apologies my mistake

Re: Transfer of Tax-Free allowance to Your Partner.

When it talks about income including pensions, savings & investments, I trust they mean INCOME (eg. interest) from savings & investments. Must get Mrs.G to look into this.

Re: Transfer of Tax-Free allowance to Your Partner.

I think that is usually what it means.

Re: Transfer of Tax-Free allowance to Your Partner.

Just read it here
http://www.dailymail.co.uk/news/arti...year-2015.html