My wife has just retired and is only receiving state pension which is less than the personal tax free allowance, I was told that a partneship would be good as we could both claim the tax allowance rather than losing part of it. Has anyone formed a partnership with spouse/partner etc if so is it an easy thing to set up?Thanks
Quote from: Dick on April 27, 2011, 02:07:19 pmMy wife has just retired and is only receiving state pension which is less than the personal tax free allowance, I was told that a partneship would be good as we could both claim the tax allowance rather than losing part of it. Has anyone formed a partnership with spouse/partner etc if so is it an easy thing to set up?ThanksA lot of answers here more complicated than they need to be. If you are married, and i guess you are as you call her your wife then you are fully entitled to share her unused tax allowance. No need for 'partnerships' or any other complicated bollox. Just ring up HMRC and ask how you go about using x amount of your wifes unused personal allowance for yourself. It is just that straightforward.