MSE News: Married couples to get tax break

edinburgher

What a lot of nonsense.

So basically you get a tax break if husband/wife partner/partner works, but other one not so much?

Hopefully this doesn't turn into a freebie that creates tensions between the married and the not married - even most of us married folk get nowt from it! :rotfl:

patanne

It will probably get knocked off their tax credit or housing benefit or whatever. Either way it is not going to finance a champagne lifestyle. I bet there will be a lot of people who believe they will get £1k not 20% of it.

Torry_Quine

It will be of help to us and many others. Yes it's not much but always welcome.

Gas_Powered_Toothbrush

opinions4u wrote: »

The other lot would never do anything to suit their own aims would they?

They're just as bad.

BlueSky1

It would just be nice if things were fair. Do the right thing, work hard and get rewarded for it.

longforgotten

Looks like we'll be up the deal


Hubby can transfer £1000 allowance to me

kidmugsy

If someone has an income narrowly above the personal allowance, does making a big enough pension contribution count as taking them below the personal allowance?

zygurat789

kidmugsy wrote: »

If someone has an income narrowly above the personal allowance, does making a big enough pension contribution count as taking them below the personal allowance?

That's not very clear as to what you are asking but surely this will only benefit couples/civil partners where one does not pay tax.

nomunnofun

kidmugsy wrote: »

If someone has an income narrowly above the personal allowance, does making a big enough pension contribution count as taking them below the personal allowance?

No - it does not. Pension contributions can extend the amount which you can earn before paying higher rate tax - they have no effect on personal allowances.

(Unless you have an old retirement annuity contract where contributions are paid gross - not sure if they still exist)

edit : they do but must have commenced before April 1988.

zygurat789

nomunnofun wrote: »

No - it does not. Pension contributions can extend the amount which you can earn before paying higher rate tax - they have no effect on personal allowances.

(Unless you have an old retirement annuity contract where contributions are paid gross - not sure if they still exist)

edit : they do but must have commenced before April 1988.

Pension contributions do not affect personal allowances but may they not reduce taxable income below the personal allowance thus eliminating any tax liabilty?
But then if both parties pay tax what is the point.
This measure was designed to placate the stay at home mothers so long as they don't earn too much