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Increasing tax free pension withdrawal using marriage allowance
elsa1611
Posts: 6 Forumite
in Cutting tax
As above we are looking to transfer our marriage tax allowance over so we can get more out of our pension pot tax free.
My calculation is as follows, tax code goes up to 1383 so £13830 - carers allowance for 2026 £4495.40 = £9334.60 plus 25% tax free pension allowance = £11668.25 we can take out of the pension pot tax free next year.
Not that it should matter to much but do we still get the 5k savers allowance as well as the 1k starters?
My calculation is as follows, tax code goes up to 1383 so £13830 - carers allowance for 2026 £4495.40 = £9334.60 plus 25% tax free pension allowance = £11668.25 we can take out of the pension pot tax free next year.
Not that it should matter to much but do we still get the 5k savers allowance as well as the 1k starters?
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