Wednesday, 24 January 2018

If you are ....

A non tax payer, or don’t earn more than about £11500, and are married, or have a civil partner, did you know you can give them £1150 of your tax allowance?

I have been meaning to do this and finally got around to it today. It took me literally no more than 5 minutes online. I wanted to do it before the end of this tax year as it will be back dated to the start of it. Also, DB can also get the previous 2 years backdated as I was in the same financial position then.

It adds up to about £230 per annum, not a huge amount for some, but good for us. Hopefully should receive the backdated money in a few weeks as a cheque and DB can look forward to less tax paid each month.

Here is the link.

Welcome to Jill Davidson via Bloglovin. Pleased to say I can now post comments on blogger at their normal speed. The go slow has driven me nuts!

9 comments:

  1. That's not a bad sum at all, is it? A very welcome amount for a few moments online.
    J x

    ReplyDelete
    Replies
    1. Certainly is, could kick myself for not doing it sooner.

      Delete
  2. I think we do this - is it also known as the "marriage allowance"? I remember a couple of years ago doing it on-line and we got a year's backdated too. I only earn a tiny amount working from home as&when so we might as well benefit in any way we can (my tiny NHS pension is nowhere near the limit - if only!!)

    ReplyDelete
    Replies
    1. Same here regarding NHS pension.

      Delete
  3. I did this but because of the way HMRC have allocated the tax allowance between Cols pension and his Employment support allowance benefit it made no difference although I hope we can claim tax back after April 5th by filling in a tax reclaim form because his total income will be under £11,500.

    ReplyDelete
  4. Martin Lewis has been hammering it home on his program and I tell lots of people about it too. Neither of us benefit unfortunately.

    ReplyDelete
    Replies
    1. You don't have to be on benefits, Tania. Just one of you needs to have a taxable income of under £11,500.

      Delete
  5. Good job on the tax savings.

    I am all excited that blogger is finally working correctly again.

    God bless.

    ReplyDelete

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