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Tax saving?

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swill453
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Tax saving?

#340191

Postby swill453 » September 14th, 2020, 12:59 pm

I followed a link to a Telegraph "tax tips" article (behind a paywall) https://www.telegraph.co.uk/tax/income- ... etirement/

I noted "The old "married couples allowance" ... can reduce your tax bill if you were married before April 1935 and can be worth as much as £907 a year.
...
Those who divorced prior to April 1935 may also be able to claim up to £326 a year in maintenance payments relief if an ex-partner is paying maintenance to a former spouse."

So how many people do you think that applies to? Both partners still alive, who were married and divorced more than 85 years ago.

Scott.

UncleEbenezer
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Re: Tax saving?

#340199

Postby UncleEbenezer » September 14th, 2020, 1:37 pm

swill453 wrote:So how many people do you think that applies to? Both partners still alive, who were married and divorced more than 85 years ago.

Scott.

Those whose minds are so atrophied as to be Telegraph readers?

chas49
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Re: Tax saving?

#340201

Postby chas49 » September 14th, 2020, 1:42 pm

Not many :)

The number of centenarians is now 13,170, according to the statistics from the Office for National Statistics (ONS): almost 73% more than in 2002, when it was 7,630.

The data also shows that the number of nonagenarians – people aged 90 and over – has increased by half in the same period: there are more than 400,000 women in the UK today aged 90 or more compared with 183,000 men.

https://www.theguardian.com/science/201 ... since-2002

No idea what fraction of them might (still) be married couples. 1% might be a guess possibly. The divorced but both still living and one paying maintenance cohort must be negligible I would think.

brightncheerful
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Re: Tax saving?

#340243

Postby brightncheerful » September 14th, 2020, 4:55 pm

"At age 110 and 104, Ecuador couple certified as oldest married pair"

https://abc7.com/ecuador-oldest-married-couple-long-marriage-stories-guinness-world-records/6394992/

Gersemi
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Re: Tax saving?

#340275

Postby Gersemi » September 14th, 2020, 7:22 pm

swill453 wrote:I followed a link to a Telegraph "tax tips" article (behind a paywall) https://www.telegraph.co.uk/tax/income- ... etirement/

I noted "The old "married couples allowance" ... can reduce your tax bill if you were married before April 1935 and can be worth as much as £907 a year.
...
Those who divorced prior to April 1935 may also be able to claim up to £326 a year in maintenance payments relief if an ex-partner is paying maintenance to a former spouse."

So how many people do you think that applies to? Both partners still alive, who were married and divorced more than 85 years ago.

Scott.


Not surprisingly this isn't correct. You can claim the relief if either of you were born before 6 April 1935 and you're paying maintenance under a court order after the relationship has ended https://www.gov.uk/income-tax-reliefs/m ... tax-relief .


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