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Wifes tax allowance
peatda01
Posts: 1 Newbie
in Cutting tax
Probably been asked many times before but here goes.
I am retired and in receipt of a Company pension, my wife doesn't work or receive a pension. Is there any way in which I can make use of her tax allowance? We are both below 65.
I am retired and in receipt of a Company pension, my wife doesn't work or receive a pension. Is there any way in which I can make use of her tax allowance? We are both below 65.
0
Comments
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you can put all the savings in her name as she will pay no tax up to 6475 per annum0
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Not directly. But you can use it indirectly by moving taxable assets in her direction .... such as deposits which attract taxable interest.
Too late for any pension planning to even out the income.
(Sorry Clapton .... you weren't there when I started!)If you want to test the depth of the water .........don't use both feet !0
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