Married couples £1000 tax break

Sounds ok when you first hear it read like that , until you actually read more into and realise its a complete waste of time & pointless & won’t even benefit working couples , all it means is if you work & earn less than the higher rate tax & your partner works part time & earns less than the soon to be £10k personal allowance , you can transfer 1000 of that allowance to your self, so you won’t pay tax on the first £11k of your earnings, equivalent to £3.85 a week , not so good now is it , & that’s if you can be bothered to fill in the the complicated forms to get it where you have to inform them of everything , even which hand you wipe your arse with & they can still refuse it & give you no reason , it won’t take effect until 2016 either by which time inflation will be up on goods anyway so hardly a help to anyone …

It sounds good with an election coming up though…

If they allowed all unused tax allowance to be transferred then that would be useful if they allowed that for all married couples no matter what the circumstances

At the moment my tax allowance is not being used at all but the wife is over the limit on hers = daft when all other aspects are designed to be calculated on joint incomes

this was in place a long time ago but was stopped. They are now bringing it back

ROG:
If they allowed all unused tax allowance to be transferred then that would be useful if they allowed that for all married couples no matter what the circumstances

At the moment my tax allowance is not being used at all but the wife is over the limit on hers = daft when all other aspects are designed to be calculated on joint incomes

This is actually a UKIP policy. Along with a flat tax for all at 25% and No one earning the minimum wage will pay any tax at all.

He,s just trying to win votes! ■■■■■■ !!!

ROG:
If they allowed all unused tax allowance to be transferred then that would be useful if they allowed that for all married couples no matter what the circumstances

At the moment my tax allowance is not being used at all but the wife is over the limit on hers = daft when all other aspects are designed to be calculated on joint incomes

We’re in that situation, but with me earning way over that Tax allowance, and the Mrs being a full time homemaker, and as you say in all other aspects you’re are considered as a partnership. Some one with a pressure group off some form or another to fund, came on the radio yesterday was banging on about how unfair it is to single parents and widows, failing to see the point that this is not giving married couples a chunk off free cash, its returning to the marriage cash that should never have been taken in the first place, that allowance belongs to my Wife, and if she dont use it all or any off it then she should be able to use it against my tax liabilties, after all my income is what sustains her aswell as me and our household.

When we got married you got a married persons tax allowance for one off your incomes, and the spouse still got a single persons tax allowance on thier income, IIRC it was £7000 for a married persons tax allowance and £4600 for a single persons tax allowance in the final year before it was scrapped by Gordon Brown, then a year went by and then the tax credits were brought in, but the devious git had a year in which he robbed off all married people first before he then gave those with kids something back. If you look at that system it was alot more generous than the system being proposed.

claretmatt:
This is actually a UKIP policy. Along with a flat tax for all at 25% and No one earning the minimum wage will pay any tax at all.

I agree with that too, I have never understood why as you earn more ( I add I’m not higher rate tax payer, yet :wink: ) you have too pay a higher proportion off your income in Tax, but the rub would have to be that the tax allowance would have to go upto about £12000 a year to take all NMW earners out off paying tax at all, at the moment if you’re om the NMW once your tax and insurance is deducted you’re going to bank less than fiver an hour, and thats seriously wrong. If that meant a flat rate of 25% for everyone else then that sound fair to me.

The country doesn’t reward success any more. Calvin Coolidge cut tax for the rich in America and found that tax receipts stayed broadly the same because evasion went down… But it would vastly improve the number of wealth creators in the country.

I forgot to mention UKIP would incorporate your N.I. into your flat tax too :smiley:

ROG:
If they allowed all unused tax allowance to be transferred then that would be useful if they allowed that for all married couples no matter what the circumstances

At the moment my tax allowance is not being used at all but the wife is over the limit on hers = daft when all other aspects are designed to be calculated on joint incomes

Here here! :sunglasses:

The tax relief on a grand is £200, or less than four quid a week for my household. Cameron isn’t getting my vote - no worries! :angry:

Now, with my wife not working, I’d MUCH rather just have her unused £9.5k allowance transferred over to me so I don’t pay tax on my first £380pw+another £120 in expenses per week… No deductions at all on what nowdays is the “going rate wage” of £500 per week. Sweet! :slight_smile:

The main reason I currently don’t like to do more than £350 per week right now is because I object to the old “Thursday belongs to the taxman” which I’ve talked of on other threads. Work 3 days - take home all of it. Work 6 days, lose nearly two days worth in deductions! :imp: