Are you losing out on a saving of up to £212.00 on your tax bill?

If you are married or in a civil partnership and your husband, wife or civil partner does not earn enough to use all of their Annual Allowance (currently £10,600) you can apply to HMRC to transfer 10% of the their allowance (£1,060) to you.

How do I do it?

Even if you have an agent you must apply online yourself – your agent can’t do it for you.

You must have your own and your partner’s National Insurance numbers

You must provide HMRC with a proof of your identity:

• the last 4 digits of the account that your child benefit, tax credits or pension is paid into
• the last 4 digits of an account that pays you interest
• details from your P60

What happens after I claim?

HMRC will amend your PAYE Code Numbers to reflect the transfer of allowances.

If you use an agent to complete your Tax Return you have to let them know.

Need more information?

Give us a call and we can talk it through with you.