25
Jun
2019
A question about : my income and wife
Hello,
I work as fully employed. My wife is not working and we does not have any other income than my salary.
Is there any way I can pay less tax?
Does the tax system in the UK recognize my wife as dependant for income tax purposes?
thank you
cheers
Val
Best answers:
- you can put any savings/S&S in her name so the interest is tax free
after april, there is a facility to transfer some of her tax allowance to you: assuming you are a basic rate tax payers then that would be worth 200 per annum[/QUOTE]
If that S & S is stocks and shares then any dividend income will have an attached tax credit but this is not repayable. - Except that in my case, DH was unemployed when we married, and receiving a giro for 50p per fortnight send first class. And yet I was his dependent for the purposes of dental treatment!
- read below
https://www.dailymail.co.uk/news/arti...e-mothers.html
Then check this
https://www.gov.uk/marriage-allowance
Just maybe useful to you. - If you're right about it being the 1990 budget then Maggie was definitely still in place, it happened on 20th March with John Major as Chancellor.
For anyone who can't sleep...
https://www.johnmajor.co.uk/page2510.html - That must have been the 1987 General Election when I spoke to Nigel Lawson on 'Election Call', it was announced at the following year's budget and took effect in 1990.
When I first started protesting about it 15 or so years before that, I referred to the Married Women's Property Acts on the 1880s, when a married woman's money was her own - up to then she'd lost all control of money or property the minute she made her wedding vows. Of course there were obvious misuses - women being married for their money - which appear in many Victorian novels, Wilkie Collins etc. However, when I spoke to the Inland Revenue I recall that I was told 'there was a loophole'. That legislation only applied to inherited wealth or property, not to earned income. 'It had never been envisaged that a married woman would earn her own wage or salary'. Literally. They said that.
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