Marriage tax allowance

Not calling you a liar, apologies if you thought so. Just disagree with the idea, the reasoning for which I've just put in another post.

 

It is the transfer of surplus personal allowances from one spouse to another. Married or civil partnership counts. It can be claime for four years so 2016/17 - 2019/20 are the retrospective years in play. The recipient cannot be a higher rate tax payer.

 

I don’t think it’s to do with promoting marriage as an ideal situation, more that it’s official and can’t be manipulated like cohabiting can.

 

On that point we agree mate. which I pointed out on two previous posts. Gay couples getting married. Should be a given. Re cohabitating I think it could be open to abuse. Would require more than just living together.
In that, many abuse the system by claiming single benefits when having long term live in partners.

My bro and sister in law have always lived together. ( not abusing the system. ) but got married after 20+ yrs . Nowt to do with the marriage allowance but more to do with the complications of pension rights etc when one or the other passes. Lot less complications to think about.

When you get to our age things like getting the best from pensions. tax. Savings etc are at the top of our agenda.
Tis why wills should not be put on hold till people have a minute. And never get round to it. Can be a nightmare to deal with for next of kin or recipients to deal with.

I’ve also found out you can leave your 1/2 of your estate to the kids. Thus not leaving your spouse in a position where all the assets to a level. (was £19/20,000 when mi mam was alive.) Rest ending up in care home costs. Till they reach that figure.
Reminds me, We need to make a new will to accommodate the above.

Re the liar don’t Worry my actual thought was you might not have been aware that marriage allowance existed before Cameron brought it back in with different criteria to the original allowance.

If I’m right and I’m definitely not sure on this one. That marriage allowance existed for all, irrespective of circumstances. Sure someone will confirm. My Mrs went back working in 1991. And I’m not sure if I still got the allowance until it was removed by (according to someone else in this thread) Blair.

 

A big thanks to Hooky feller for this post. We put in a claim for this and have received a cheque for £465 today.

 

As someone married for 40 years, can confirm that married men are far more deserving than the rest!! You get a shorter sentence for 1st degree murder!! I would have been out by now

 

Season ticket sorted then?

 

I think but could be wrong, that it stems back to the days when only the man worked in a home and was seen as an incentive to encourage a family environment.
Not sure it’s relevant in today’s age but suppose would be a brave government to take it away.

 

It's a lot more recent than you might think. David Cameron brought it in. I've taken advantage of it since it started, but despite it being around a few years now, everyone I know has found out about it via word of mouth.

The idea that my wife, who is not taking up her full entitlement of personal allowance, can transfer 10% of it to me, seems ok (well, I would say that). Where it falls down is that you have to be married to be eligible, which is ridiculously discriminatory given the times we live in.

 

Thanks for that mate. Glad it was of help.

 

It was around until Blair stopped it and Cameron reintroduced it. In a different format. Earnings related.

 

Ahh, Ok thanks

 

Yes does seem strange as you say when living together is nearly as common as married these days and is certainly socially acceptable.

 

Not a chance. The wife can "waste" it instead!

 

Happy wife, happy life.