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TonyTax
TonyTax, Tax Consultant
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Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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I am 78 years old. I have an income of £28000 approx.on which

Resolved Question:

I am 78 years old. I have an income of £28000 approx.on which I am taxed (my code for 15/16 is 238L).My wife receives a State Pension of £3068 approx.which is tax free. My question is can she transferany of her tax free allowance to me and if so what proportion is allowed?
Submitted: 2 years ago.
Category: Tax
Expert:  TonyTax replied 2 years ago.
Hi.

Can you tell me what your own and your wife's dates of birth were please.
Customer: replied 2 years ago.
My date of birth is 11/07/1936
My wife's date of birth is 15/01/1942
Expert:  TonyTax replied 2 years ago.
Thanks.

Leave this with me while I draft my answer.
Expert:  TonyTax replied 2 years ago.
Hi again.

As you were both born after 5 April 1935, you are not entitled to the married couple's allowance unfortunately. However, you are entitled to the marriage allowance which has come into being in the 2015/16 tax year.

Take a look here for the qualifying criteria and register your interest by following the steps indicated in green. Your wife will be able to transfer £1,060 (10%) of her personal allowance to you which will save you £212 in tax.

I hope this helps but let me know if you have any further questions.
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15884
Experience: Inc Tax, CGT, Corp Tax, IHT, VAT.
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