last year the government brought in new rules to allow a low paid worker/unemployed to transfer upto £1060 of their tax allowance to their spouse, so basically if your partner is a non tax payer and you are a tax payer, or vice versa(part time postie and not paying tax but partner does in their job) then you can do this transfer and it can save you upto £212 per year, you can claim for the tax year 2015/2016 now and once its done it is added to your tax code until you tell hmrc otherwise
you will need both yours and your partners p60 from last year (easier with these there are other options though)
You need to be married or in a civil partnership with the person you are doing the transfer with
go to this web page and fill in the details, takes about 10 minutes and thats it:
https://www.gov.uk/marriage-allowance" onclick="window.open(this.href);return false;
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Marriage Allowance Tax Relief- worth a read
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IcanthelpthewayIam
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midegarelu
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Marriage Allowance Tax Relief- worth a read
Did this three weeks ago.
I've had notification of new codes, but no money yet.
Just need to point out that the application needs to made out in the name of the LOWER tax payer in order to donate their unused allowance.
I've had notification of new codes, but no money yet.
Just need to point out that the application needs to made out in the name of the LOWER tax payer in order to donate their unused allowance.
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Wednesday
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Marriage Allowance Tax Relief- worth a read
Did mine three weeks ago and got a tax rebate this week.it is only back dated to the date of application so if you are going to do it for this tax year get a move on.
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IcanthelpthewayIam
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Marriage Allowance Tax Relief- worth a read
it can be backdated to April 2015, the cut off applies to getting it paid back in one go last year, its now added to this years amount and spread over the yearWednesday wrote:Did mine three weeks ago and got a tax rebate this week.it is only back dated to the date of application so if you are going to do it for this tax year get a move on.
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Surreypostie
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Marriage Allowance Tax Relief- worth a read
I had a look at that as my partner earns under, she does though do overtime. Obviously if she gives me part of her allowance she could easily go over her new reduced allowance. We decided to leave it as it is.
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IcanthelpthewayIam
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Marriage Allowance Tax Relief- worth a read
doesn't matter if she ends up paying tax, as the amount of combined tax you both would pay would have been the exact same amount as if you hadn't done the transfer,Surreypostie wrote:I had a look at that as my partner earns under, she does though do overtime. Obviously if she gives me part of her allowance she could easily go over her new reduced allowance. We decided to leave it as it is.
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matthew68
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Marriage Allowance Tax Relief- worth a read
I applied in February it says I was successfully but Heard nothing sinceWednesday wrote:Did mine three weeks ago and got a tax rebate this week.it is only back dated to the date of application so if you are going to do it for this tax year get a move on.
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IloveMYredTROLLEY!
- EX ROYAL MAIL
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Marriage Allowance Tax Relief- worth a read
Handy tip!
Shame it does not apply to common law partnerships after being together X amount of time.
Shame it does not apply to common law partnerships after being together X amount of time.