Personal tax allowance..

I see the tax allowance is up. Not a lot, but up. My works pension is also up slightly. It's linked to the CPI which hasn't risen much, so not a great increase this year. Still another £20 a month is better than a poke in the eye. I expect that the government will find a way to get it back again.

Re: Personal tax allowance..

I`ll let you know when I gt anywhere near getting enough income to pay tax.

I live off my savings and a small income from my investments.

Re: Personal tax allowance..

I agree I have just signed some of my allowance over to my husband because he does earn enough to begin paying tax with my allowance too he may pay very little I hope.

Re: Personal tax allowance..

Dianne doesn't currently pay tax so she's enquired about transferring some tax allowance to me. She hasn't heard anything yet. It would be nice if you could transfer all the unused allowance.

Re: Personal tax allowance..

How did you do that Julie?

My wife is retired and doesn't use about £3000 of her Personal Tax Allowance but our enquiries have resulted in being told there's no forms yet and this will all be "done online".

We sent off another query today because something doesn't add up with their figures from what Age UK has told us. stevmk2

Re: Personal tax allowance..

You can only sign over £1000 of the allowance, my husband did the forms on line. Scroll to near the bottom of the page https://www.gov.uk/income-tax-rates/...and-allowances the links take you through it.

Re: Personal tax allowance..

I registered on-line for this and, about a week ago, I received an email saying that I'd be receiving an on-line form in the near future so things are moving, even if slowly.