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Marriage Tax Allowance - on my code...need to exit it
beckyben89
Posts: 28 Forumite
in Cutting tax
Hi,
I have been looking into my tax code today. It ends in N/0 which means that I have transferred 10% of my personal tax allowance. I did apply for this a few years ago when I was earning less than the threshold. But I am now earning more money (not a lot but roughly 16k) . I need to get my tax code changed. How do I go about this and is there anything I need to be careful about?
I am worried because when I tried to change my code before in order to get an allowance for washing uniform, I ended up being given a bill for £60....I didn't know that I had an allowance in place already that was for £120...so I put estimated costs at £60.....
I have been looking into my tax code today. It ends in N/0 which means that I have transferred 10% of my personal tax allowance. I did apply for this a few years ago when I was earning less than the threshold. But I am now earning more money (not a lot but roughly 16k) . I need to get my tax code changed. How do I go about this and is there anything I need to be careful about?
I am worried because when I tried to change my code before in order to get an allowance for washing uniform, I ended up being given a bill for £60....I didn't know that I had an allowance in place already that was for £120...so I put estimated costs at £60.....
0
Comments
-
cancelling is the reverse of applying and so is explained in the link at the bottom of the page telling you how to get it...
https://www.gov.uk/marriage-allowance/how-to-apply
alternatively find out if it would be worth carrying on by asking HMRC as explained in this link
https://www.gov.uk/marriage-allowance/if-your-circumstances-change0 -
Thank you
0 -
beckyben89 wrote: »Hi,
I did apply for this a few years ago when I was earning less than the threshold. But I am now earning more money (not a lot but roughly 16k).
You only "need to exit it" if you are, or would be, a higher rate taxpayer as a result of opting for MAT. It is still beneficial for some to stay in MAT even if they earn £40k.
Not many seem to understand this - not the least HMRC.0
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