In 2023-24, a husband has a pension of 11,360 and his wife has a pension of 20,000.

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In 2023-24, a husband has a pension of £11,360 and his wife has a pension of £20,000. They have no other income and they are not Scottish taxpayers. Calculate the combined tax liability of the couple for the year if:

(a) no marriage allowance election is made

(b) the husband elects to transfer part of his personal allowance to his wife.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 02:01 AM

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In 2023-24, a husband has a pension of 11,360 and his wife has a pension of 20,000.

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a The husbands income is exceeded by his personal allowance of 12570 so his tax liability is ...View the full answer

Taxation Finance Act 2023

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