MSE News: Married couples to get tax break

noh

zygurat789 wrote: »

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

The source of the income is not relevant as long as it is taxable. Pensioners will benefit if they qualify.

zygurat789

noh wrote: »

The source of the income is not relevant as long as it is taxable. Pensioners will benefit if they qualify.

Good news indeed

longforgotten

Well it's supposedly all computerised these days. ....why can't there be a link between spouse's tax details then the transfer of unused personal allowance could be automatic.


Oh sorry, that wouldn't work because that would need common sense to be applied.


Or am I being unkind and we won't have to actually apply for it. I'm tired that so many people miss out on things they're entitled too because they're not capable, vulnerable, uninformed....shall I go on

paddedjohn

A whole £4 a week....yipeee.

patanne

I have a sneaking suspicion that the only people who will benefit from this are those who have no (relevant) children, including the retired. A lot of people on below 40% tax are entitled to CTC etc. If it wasn't a government thing we would have people on here calling it a scam.

zygurat789

patanne wrote: »

I have a sneaking suspicion that the only people who will benefit from this are those who have no (relevant) children, including the retired. A lot of people on below 40% tax are entitled to CTC etc. If it wasn't a government thing we would have people on here calling it a scam.

And they could also receive this as well, where's the scam?

patanne

I suspect it will just reduce the amount of other benefits, so the people it is designed to help will gain very little of that £200 pa

margaretclare

noh wrote: »

The source of the income is not relevant as long as it is taxable. Pensioners will benefit if they qualify.

Pensioners do pay tax on their income, provided that the total income is above the personal tax allowance for their age.

We still get the original married tax allowance and we're allowed to split it between us, otherwise one person would be paying more tax than the other.

zygurat789

patanne wrote: »

I suspect it will just reduce the amount of other benefits, so the people it is designed to help will lose at least some of those other benefits

Reducing benefits was pre announced before the last election and has been preannounced for the next election.
This is targetting a particular area ie couples, not high income, one not working.
This would appear to be young couples with a young family or pensioners where one of the couple has not worked much.

Targetting may gives rise to anomalies which may lead to tax avoidance.

frodob

Torry_Quine wrote: »

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

Any thoughts on a simple mechanism and when to do what? I am one of those who has succeeded in avoiding annual tax returns and no wish to get back into these.