MSE News: Married couples to get tax break

razam

So do both partners have to be working full-time (earning under the 40% allowance rate) to qualify, or can one partner work full time & the other part-time/self-employed?

nomunnofun

zygurat789 wrote: »

Pension contributions do not affect personal allowances but may they not reduce taxable income below the personal allowance thus eliminating any tax liabilty?

No. If one earns £10445 and make no pension contributions, the taxable income is £1000 - tax payable is £200. If they do make pension contributions, they obtain tax relief on the premiums but the tax liability will remain at £200.

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

Completely agree - no point at all!

nomunnofun

razam wrote: »

So do both partners have to be working full-time (earning under the 40% allowance rate) to qualify, or can one partner work full time & the other part-time/self-employed?

I am not sure that you have grasped this completely. The relief only occurs where one partner does not utilise personal allowances (earns less that the tax free threshold) and the other is a basic rate taxpayer.

opinions4u

I think society would be far better if we did a lot more to encourage one parent to stay at home when there are kids about.

Easy to say though. Very hard to achieve these days.

zygurat789

opinions4u wrote: »

I think society would be far better if we did a lot more to encourage one parent to stay at home when there are kids about.

Easy to say though. Very hard to achieve these days.

With opinions like that why don't you post on the over 50's board?:rotfl:

opinions4u

zygurat789 wrote: »

With opinions like that why don't you post on the over 50's board?:rotfl:

Age has nothing to do with it.

The state subsidises those who hand their kids over to strangers for care.

It does nothing to assist families where one parent stays at home.

Does that make any sense?

DigForVictory

Mi word. We may be eligible for soemthing. Half a jiff while I borrow the family curtain ring & cut a hole in the duvet cover for a frock...
Honey?! Side trip...

Oh, yes. We married years ago.
The idea of actally being Given Money by a Government (trying to stay) In Power is all too startling.

zygurat789

opinions4u wrote: »

Age has nothing to do with it.

The state subsidises those who hand their kids over to strangers for care.

It does nothing to assist families where one parent stays at home.

Does that make any sense?

More than most on this site

zygurat789

DigForVictory wrote: »

Mi word. We may be eligible for soemthing. Half a jiff while I borrow the family curtain ring & cut a hole in the duvet cover for a frock...
Honey?! Side trip...

Oh, yes. We married years ago.
The idea of actally being Given Money by a Government (trying to stay) In Power is all too startling.

If you've been married long enough you may remember that there was a married man's allowance doing just this. It was taken away from low and middle incone families to finance independent taxation, which lost the Treasury loadsomoney to the rich.

zygurat789

DigForVictory wrote: »

Mi word. We may be eligible for soemthing. Half a jiff while I borrow the family curtain ring & cut a hole in the duvet cover for a frock...
Honey?! Side trip...

Oh, yes. We married years ago.
The idea of actally being Given Money by a Government (trying to stay) In Power is all too startling.

I don't think it applies to pension income so, nothing extra for the pensioners.