Income tax allowance

suwyn

Is a man alowed to claim for his partners unused tax allowance like he can for a wife ? been together 25 years plus, but not married, I no longer work, so just wondered , Thanks 

TadleyBaggie

From gov.uk:

Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner.

Dazed_and_C0nfused

suwyn said:

Is a man alowed to claim for his partners unused tax allowance like he can for a wife ? been together 25 years plus, but not married, I no longer work, so just wondered , Thanks 

A man cannot claim from his wife (or vice versa).

One party can apply and give some of their allowance to their spouse (or civil partner).

But you can't claim it.

Albermarle

 been together 25 years plus, but not married,

I presume you are aware that not being married/civil partners can cause problems, especially if/when one of you die, as the other other has no automatic rights to any money or assets.

So you both need to be doubly sure that your wills are in place, and any pension pots you have that the beneficiary is very clearly named. If either of you has a defined benefit/final salary type pension, it could be that any spousal benefit will be lost, and if inheritance tax is likely to be an issue that you can not pass on the nil rate band of £325K from the first death to the second.

Jeremy535897

Albermarle said:

 been together 25 years plus, but not married,

I presume you are aware that not being married/civil partners can cause problems, especially if/when one of you die, as the other other has no automatic rights to any money or assets.

So you both need to be doubly sure that your wills are in place, and any pension pots you have that the beneficiary is very clearly named. If either of you has a defined benefit/final salary type pension, it could be that any spousal benefit will be lost, and if inheritance tax is likely to be an issue that you can not pass on the nil rate band of £325K from the first death to the second.

There is also no inheritance exemption between the partners, and no transfers of assets between them free of capital gains tax.

badmemory

Also the bit that may be most upsetting to the remaining partner, they may have no say in what happens whilst you are in hospital or even after your death, even putting you as next of kin is actually meaningless.  This may leave another family member with all the say.  Whilst I can see the partner thing rather than the married thing it does come with serious disadvantages.