View Full Version : Marriage allowance
mjwoz
21st November 2015, 00:35
Hi to all members of the forum, Have any one heard about this new law of Marriage Allowance? I read it somewhere and got to the website of GOV.UK and its there..is there anyone out there have can say about it?:xxgrinning--00xx3:
Thanks
Mjwoz
Terpe
21st November 2015, 05:35
To get any benefit out of this Marriage Allowance these specific circumstances need to apply:-
- You're married (or in a civil partnership).
- One of you must be earning equal or less than your free personal allowance of £10,600 and be the lower earner
- The other one must be a basic-rate taxpayer.
- Both of you must have been born after 6 April 1935.
I'm sure there'll be folks who can take advantage of this scheme. It works out an an extra £212
Do be aware though that you must transfer £1,060 of your free personal allowance.
If you have less than £1,060 left of your allowance to actually transfer then obviously you'll end up with income above your allowance and you'll end up paying tax on the amount you've gone over.
There should still be a net gain but just not as much.
Michael Parnham
21st November 2015, 10:00
I've checked it out but my income is £106 per annum too much to qualify!:Erm:
mjwoz
21st November 2015, 21:45
We tried and we applied and we got it, an addl £1060 to my husband personal allowance as im not working..
Yes its only a small amount...:smile:
Might give a try to those couple although not much.
Thanks
Mjwoz
To get any benefit out of this Marriage Allowance these specific circumstances need to apply:-
- You're married (or in a civil partnership).
- One of you must be earning equal or less than your free personal allowance of £10,600 and be the lower earner
- The other one must be a basic-rate taxpayer.
- Both of you must have been born after 6 April 1935.
I'm sure there'll be folks who can take advantage of this scheme. It works out an an extra £212
Do be aware though that you must transfer £1,060 of your free personal allowance.
If you have less than £1,060 left of your allowance to actually transfer then obviously you'll end up with income above your allowance and you'll end up paying tax on the amount you've gone over.
There should still be a net gain but just not as much.
Terpe
22nd November 2015, 06:47
We tried and we applied and we got it, an addl £1060 to my husband personal allowance as im not working..
Yes its only a small amount...:smile:
Might give a try to those couple although not much.
Thanks
Mjwoz
Well done :xxgrinning--00xx3:
Always nice to something for nothing
Michael Parnham
22nd November 2015, 07:20
We tried and we applied and we got it, an addl £1060 to my husband personal allowance as im not working..
Yes its only a small amount...:smile:
Might give a try to those couple although not much.
Thanks
Mjwoz
Lucky ducky, well done:xxgrinning--00xx3:
robbie bobby
22nd November 2015, 21:07
I cant see why they just didn't allow one spouse to have all the tax allowance for both and the other one pay the full whack on whatever they are earning.It would make it easier to comprehend for some folks.
mickcant
23rd November 2015, 06:12
Common sense and government's do not seem to be together :NoNo:
Every form seems over complicated (perhaps to put us off applying)
Mick. :olddude:
McGregor03
8th November 2016, 16:49
Sorry guys I know this post was ages ago but I wanna ask if it also applies for someone like me and my husband am not a UK citizen yet but my husband was born and raised here. Thanks!
Powered by vBulletin® Version 4.2.5 Copyright © 2024 vBulletin Solutions Inc. All rights reserved.