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01 Apr 16
15:42
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Date Joined:
10 Jan 02
For a couple where one person is a non tax payer and their partner is a basic rate tax payer you can transfer £1,000 of your personal allowance to them. You've 4 days left to do this, and it takes approximately 5 minutes to do.
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Actually you can claim it back over 4 years, so there isn't a 4 day deadline. Still it will save you £212 each year and it's estimated over 80% of people entitled to it haven't claimed it
Me and my mate are both self-employed. His missus works a few hours a day and earns around £6k a year. He tops up her wages each year to the £10k tax limit threshold, which means he can take £4k off his taxable income straight away.
It's perfectly legit. So if you're self employed and not taking advantage of this (and your missus works part-time) then "pay" her for helping out.
It's perfectly legit. So if you're self employed and not taking advantage of this (and your missus works part-time) then "pay" her for helping out.
Only started in 2015 Freddie. But if you didn't claim it till 2019 you could still backdate it
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