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married persons tax allowance for today!
Scarlet_Fever
Posts: 447 Forumite
why dont we have a transferable married/legal partnership persons tax allowance?
My husband stays home to care for our children, say he claims no work related benefits (we actually get DLA/Carers allowance for our oldest... but if we ignore this just for the sake of the main argument as most people in our situation dont get this) then he should be able to let me have his tax free bit to offset our tax against. Its not a huge amount, but the way things are set up at the moment, we as a family would be better off if i moved out (if you're reading this husband! no chance!) as he would be able to get all sorts of benefits etc...
i think this would really help families in our position....
My husband stays home to care for our children, say he claims no work related benefits (we actually get DLA/Carers allowance for our oldest... but if we ignore this just for the sake of the main argument as most people in our situation dont get this) then he should be able to let me have his tax free bit to offset our tax against. Its not a huge amount, but the way things are set up at the moment, we as a family would be better off if i moved out (if you're reading this husband! no chance!) as he would be able to get all sorts of benefits etc...
i think this would really help families in our position....
Willow: I knew it, I knew it, well not in the sense of having the slightest idea, but I knew there was something I didn't know!
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Comments
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Whilst I am married I do have some issue with financially promoting marriage or civil partnerships. If you broaden it out to any "established" couple then it becomes next to impossible to police.0
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sure, and what about people who just live together, you can't discriminate against them. Or friends who share a household to keep their costs down. Or people with no kids but have one person who doesn't work...and what about single working parents...
in the end everyone would end up with extra tax allowances.
There's nothing special about people who are married and not treating wives/husbands as financially separate used to be disasterous for women.Cash not ash from January 2nd 2011: £2565.:j
OU student: A103 , A215 , A316 all done. Currently A230 all leading to an English Literature degree.
Any advice given is as an individual, not as a representative of my firm.0 -
I think it would be an excellent idea. My friends have 4 Children. Husband earns £60k she is a stay at home Mum. Her Hubby pointed out when hearing they would lose child benefit that if the both earnt £30k they would still qualify but as only him working they won't. Also would be better off with both working as they lose out on her £7475 tax free allowance plus he is a high rate tax payer :-(0
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