📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Marriage Allowance - What if my tax code is less than 1250L? (plus timing question added)

Options
13»

Comments

  • Sea_Shell
    Sea_Shell Posts: 10,027 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Update - We've had a change of mind as to which pension pots DH is going to take, and in which order, which means that he will able to benefit from this tax allowance during the current tax year.

    Should I crack on with the application now, even though he won't actually have these earnings until September?

    Basically, it's a pension worth c.£17,500, of which 25% will be tax free, leaving £13,125 taxable, which will no doubt get deducted at source, so he'll need to claim back the £2,625.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.