Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Marriage tax allowance
I have recently seperated from my husband and because of this I have applied to cancel our marriage tax allowance.
He was the main income earner so the tax allowance worked in our favour, now that were seperating our finances he is still getting the benefit of that allowance and i am paying more tax.
when i have cancelled it they have said it wont take effect until April next year this seems unfair does anyone know if ive been informed incorrectly?
Comments
-
could be right - the Personal Tax Allowance is for the tax year, so it would make sense.
You could of course ask him for the extra money he gets - probably around £120 for 6 months0 -
I know nothing about marriage allowance but found this online
https://www.gov.uk/marriage-allowance/if-your-circumstances-changeAfter you cancel
If you cancel because of a change of income, the allowance will run until the end of the tax year (5 April).
If your relationship has ended, the change may be backdated to the start of the tax year (6 April).
This might mean you or your partner underpays tax for the year.
I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!0 -
It is correct advice, a change to the MA only happens in the following tax year.0
-
The allowance cannot be apportioned. It is all or nothing.
0 -
But it look as if it MAY be possible to backdate the change, even though it is usually only activated the following tax year.
As singhini said:singhini said:I know nothing about marriage allowance but found this online
https://www.gov.uk/marriage-allowance/if-your-circumstances-changeAfter you cancel
If you cancel because of a change of income, the allowance will run until the end of the tax year (5 April).
If your relationship has ended, the change may be backdated to the start of the tax year (6 April).
This might mean you or your partner underpays tax for the year.
Signature removed for peace of mind0 -
The information from @singhini shows that isn't always the case though.TadleyBaggie said:It is correct advice, a change to the MA only happens in the following tax year.0 -
You missed the first bit that you have to be legally separated.singhini said:I know nothing about marriage allowance but found this online
https://www.gov.uk/marriage-allowance/if-your-circumstances-changeAfter you cancel
If you cancel because of a change of income, the allowance will run until the end of the tax year (5 April).
If your relationship has ended, the change may be backdated to the start of the tax year (6 April).
This might mean you or your partner underpays tax for the year.
You must cancel Marriage Allowance if any of the following apply:
- your relationship ends - because you’ve divorced, ended (‘dissolved’) your civil partnership or legally separated
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards
