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Old 25-10-2017, 10:25 AM #18
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Livia Livia is offline
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Livia Livia is offline
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Quote:
Originally Posted by Toy Soldier View Post
What I'm mainly wondering about (to join this more boring political side of the discussion ) is how it applies to the tax allowance transfer scheme? You know the thing where a spouse can transfer a chunk of their tax-free allowance if they are under the minimum tax threshold (think it's £1500 or something...). So... could you have like 20 spouses and get £30k added to your tax free allowance?

Funny side story: I told a coworker of mine about this scheme as her husband is retired, but she filled in the form the wrong way round, and transferred part of HER tax allowance to HIM, meaning she got taxed more rather than less . And didn't notice for months, then got really mad at me. Ahh good times good times...
I don't think it's likely to you can benefit from the tax system like that. I'm afraid you'll have to stick to just the one wife.
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