transferring wife's tax allowance whilst drawing down from sipp

xylophone

by deferring my state pension at the 10.4% rate.

You may wish to advise the administrator of your occupational pension that you are deferring the state pension as you have a GMP.

http://www.royalmailpensionplan.co.uk/sites/default/files/documents/rm_section_ab_guide_to_pension_payments_and_increases_16.08.12_0.pdf

See this note on the NHS scheme

http://www.nhsbsa.nhs.uk/Documents/Pensions/GMP_Questions_and_Answers.pdf

"The scheme pays the increase on the whole pension, including the GMP
element, until the GMP comes into force. This is normally when the member is paid their State Pension but in some cases can be later, for example, when an individual either actively defers or does not claim their State Pension at State Pension age."

zagfles

greenglide wrote: »

Only part of the allowance is transferred. The rest is left as is and is available for set off against income of the spouse as normal.

Can the allowance be transferred even if one of the couple pays the higher rate? Would it then be worthwhile even if the partner giving the allowance is a basic rate payer?

Can't transfer if either spouse is higher rate taxpayer