Transferable amount of Personal Allowance

This topic has 1 reply, 2 voices, and was last updated 9 years ago by merotchi.

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August 2, 2016 at 9:17 pm #330968
Mandip
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Using example 11 under chapter two, what if Davids Salary was £10,000. We would be wasting £600 of wasted PA but what do we transfer to Victoria. Can we still transfer £1,060 or will it be £600? In summary, do we still apply the whole of £1,060, considering the unused PA (£600) is less than £1,060?
August 5, 2016 at 12:37 am #331502
merotchi
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the total amount that can be transferred is 10% of10600 i am assuming it would be 600 with 20% tax credit.
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