I've got a few tax and pension-related issues and would appreciate any comments which might enlighten..... Thanks in advance.....
(a) If a stay-at-home wife (who is several years older than her husband and who does not have an income of her own) turns 65 in 2008, does this entitle the husband to claim the Age Tax Credit in respect of her for that tax year?
(b) If she is entitled to a partial Contributory State pension towards the end of 2009, What tax implications are there for the spouse if he's still employed and paying some tax at 41%?
(c) What effect, if any, do the income Exemption Limits have in this situation?
(d) are there any other issues which may have a bearing?
(a) If a stay-at-home wife (who is several years older than her husband and who does not have an income of her own) turns 65 in 2008, does this entitle the husband to claim the Age Tax Credit in respect of her for that tax year?
(b) If she is entitled to a partial Contributory State pension towards the end of 2009, What tax implications are there for the spouse if he's still employed and paying some tax at 41%?
(c) What effect, if any, do the income Exemption Limits have in this situation?
(d) are there any other issues which may have a bearing?