marriage allowance transfer - do we need to undo it now?

Ant555

We applied for the marriage tax allowance transfer a couple of weeks ago after reading about it on here, worked out that we ticked all of the boxes, and backdated it 2 years in the application.  Cheque received today which is nice.

However although she as been just under the tax threshold for a few years, my wife has today received notification of a pay increase that means she will edge into the tax paying bracket (pay will be about £100/year over current allowance)  starting in May pay packet.

I am assuming that the backdated allowance cheque is safe as we qualified fully for that in previous tax years but does anyone know if we need to go online and undo the transfer of allowance now?

Thanks

Jeremy535897

If your wife's income will be £11,350, she will pay tax on £100 (ie £20), but you will save tax on £1,250 at 20% = £250.

Ant555

Jeremy535897 said:

If your wife's income will be £11,350, she will pay tax on £100 (ie £20), but you will save tax on £1,250 at 20% = £250.

Thanks _ I thought one of the rules for the transfer was that one of us had to be a non-taxpayer but if thats not the case then we should be fine if I keep an eye on the numbers.

Dazed_and_C0nfused

Ant555 said:

Jeremy535897 said:

If your wife's income will be £11,350, she will pay tax on £100 (ie £20), but you will save tax on £1,250 at 20% = £250.

Thanks _ I thought one of the rules for the transfer was that one of us had to be a non-taxpayer but if thats not the case then we should be fine if I keep an eye on the numbers.

No, neither must be higher rate payers.  So either of a couple each earning £40k could successfully apply.  There just wouldn't normally be any benefit in applying.