We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Have I misunderstood the 'marriage tax allowance'?
Comments
-
Went on line and cancelled my donation of allowance to DH. Very easy.
Confirmation received that this will take effect from the new tax year, like we wanted.
All in preparation of me starting drawdown later this year.
It doesn't actually change our joint tax position, but just gets it back to 'normal' allowances.
How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)1 -
you are right of course and that is exactly what has happened.
She will be paying tax for the first time since taking her state pension anyway but for the tax year 26/27 the amount will obviously be more than had we followed your advice.
Her state pension increase is £573 pa.
Her tax demand (26/27) is £613
So much for the triple lock. 😔
0 -
And the promise no pensioner will be worse off?
I can think of a reply with several words before off!
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards