Marriage Allowance - state pension rise 2024/25

Vegastare

Firstly apologies at really not having a clue on this!

As I am on State Pension and no other income and hubby is still working I transferred marriage allownace as Martin Lewis metioned it - I worry that rise in SP for 24/25 to £11,500 and the allowance will take meover the tax threshold. It say Marriage Allowance transfers £1260, do I need to cancel this prior to April 2024, also what is Gov Gateway.

When I worked it was PAYE so never had dealing with tax office....don't want to start now if poss

Sorry for poor explanation, but thought here was best for advice

Dazed_and_C0nfused

You will remain eligible for Marriage Allowance until you become a higher rate payer.

On pension income of £11,500 you would have less than £40 tax to pay so if your spouse saves more than that from receiving Marriage Allowance you will still be better overall as a couple.

You could always see if he will pay any tax bill you get 😉

But if you strongly object to getting a tax bill you could easily avoid then just be aware that it could cost your spouse £252 😳

Dazed_and_C0nfused

Also, what happened to all your other pensions from a couple of years ago 🤔

as I have small NHS pension(which I take) plus 4 other old works pensions only one of which is around £18.000 the other 3 which are all below £10,000 each

Vegastare

answer is simply I never took the NHS pension as had problem with it and this left me with cold feet.