Married Mans Tax Allowance Info - Jersey (uk)

[Jersey_UK]

But just in case in the future anyone from my neck of the woods is reading through this section.

Today I went down to the local tax office, whilst I was there I asked about the tax position when I get married.

The good news is that my personal allowance doubles from £2,600 to £5,600 (even at 20% that is worth having), and the wife does NOT need to be resident in Jersey. The downside is that for me to include her on my tax return means she is taxable on her "Worldwide" income - they laughed "knowingly" when I told them that she did not exactly have a tax number in Thailand - and did not ask any further questions when I just said I was supporting her - which is pretty much true.

More good news is that the Married Mans tax allowance is NOT pro-rated during 2006 (we have a calender tax year), so even if I get married on 30 Dec 2006 then the Married Mans Tax allowance is allowed for the whole of 2006.

The better news is that the Marginal rate threshold rises from £11,020 for a single person to £17,680 for a Married couple (I will be haviing a chat to them shortly on actual figures - but I beleive that it may well be a case that even earning £20kish a year that the tax bill is negligible) - and that AT PRESENT they still give the full years tax allowance, even when you are not resident in Jersey - so this may give some folk an incentive to get married! and it starts to become tax effective to only work XXX number of months a year with the rest on holiday in Thailand.

Maybe it will be an incentive for the Jersey Immigration to give her a SV, on the basis that the Jersey Tax man will then start to make some money from me..........and depending on what hard figures they give me later..........I may actually be making a profit by getting married - even after supporting her - until she gets over here, when we will both be earning pretty much all year (and paying Tax accordingly ).

As I said, not a lot of use for most folk, and also perhaps not quite the right section to post in (feel free to move this) - but I thought I would add my little bit of info to the "Knowledge Tree".