We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Unused personal allowance
Options
family4tunes
Posts: 108 Forumite
in Cutting tax
Hi guys,
If I don't use my full personal allowance this year, or from a previous year will it roll-over to the next tax year.
The last couple of years, I have not been employed, received any benefit or claimed a pension. In other words I have had very little to no income in the last years. I recently received just a few state pension payments this year, otherwise no income, and April is the new tax year. If I haven't used all my personal allowance will it roll-over as to say? TIA
If I don't use my full personal allowance this year, or from a previous year will it roll-over to the next tax year.
The last couple of years, I have not been employed, received any benefit or claimed a pension. In other words I have had very little to no income in the last years. I recently received just a few state pension payments this year, otherwise no income, and April is the new tax year. If I haven't used all my personal allowance will it roll-over as to say? TIA
0
Comments
-
No it does not roll over, you use it in the relevant tax year or you lose it."You've been reading SOS when it's just your clock reading 5:05 "0
-
sammyjammy Thats a bummer, thanks anyhow Sam.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards