Lovely letter from our MP @JamesFrith delighted that we raised money for Papyrus - preventing young suicide - at our Charity pub quiz.
Transferable Tax Allowances
As part of the 2014 Budget, this allows a spouse or civil partner (who is not liable to income tax above the basic rate) to transfer £1050 of their personal allowance to their spouse / civil partner (again, providing the recipient of the transfer is not liable to income tax above the basic rate). This can provide a monetary benefit to a spouse or civil partner whose income is less than their personal allowance.
For further information on this - or any other personal financial query: contact us!