Self Assessment

jaceyboy

Hello,

I am currently doing mine and my wife's SA's, I have submitted mine but have not hers, I am lucky to be able to transfer 10% of her tax allowance to mine, does anyone know when this gets done and will show on my portal? do I need to submit both returns first?

eskbanker

jaceyboy said:

I am currently doing mine and my wife's SA's, I have submitted mine but have not hers, I am lucky to be able to transfer 10% of her tax allowance to mine, does anyone know when this gets done and will show on my portal? do I need to submit both returns first?

Apply through Self Assessment

If you’re transferring your Personal Allowance to your partner, fill out the Marriage Allowance section on your return. If you’re receiving the allowance, leave the Marriage Allowance section of your return blank.

If you both send a Self Assessment tax return, the person transferring the allowance should file theirs at least 3 days before the person receiving the allowance.

https://www.gov.uk/marriage-allowance/how-to-apply

Dazed_and_C0nfused

jaceyboy said:

Hello,

I am currently doing mine and my wife's SA's, I have submitted mine but have not hers, I am lucky to be able to transfer 10% of her tax allowance to mine, does anyone know when this gets done and will show on my portal? do I need to submit both returns first?

Presumably you really mean she is able to apply for Marriage Allowance and as a result you will receive the £252 tax reducer 😉

jaceyboy

Dazed_and_C0nfused said:

jaceyboy said:

Hello,

I am currently doing mine and my wife's SA's, I have submitted mine but have not hers, I am lucky to be able to transfer 10% of her tax allowance to mine, does anyone know when this gets done and will show on my portal? do I need to submit both returns first?

Presumably you really mean she is able to apply for Marriage Allowance and as a result you will receive the £252 tax reducer 😉

Correct

jaceyboy

Does anyone know if I have already submitted my SA and my wife submitted hers after me but assigned the allowance over will it get transfered before I due to pay the tax amount?

eskbanker

jaceyboy said:

Does anyone know if I have already submitted my SA and my wife submitted hers after me but assigned the allowance over will it get transfered before I due to pay the tax amount?

Are you referring to an amount of tax underpaid from 2023/24 and if so, is it within the range allowing collection via PAYE, which would be in 2025/26?

jaceyboy

eskbanker said:

jaceyboy said:

Does anyone know if I have already submitted my SA and my wife submitted hers after me but assigned the allowance over will it get transfered before I due to pay the tax amount?

Are you referring to an amount of tax underpaid from 2023/24 and if so, is it within the range allowing collection via PAYE, which would be in 2025/26?

This year I am due to pay tax, so my wife who doesnt work will transfer her allowance to me, I wondered once we submit both the SA's how long does it take for my tax owed figure to change?