Mark Russell

Hi As I was a non tax payer, over the last few years I have transferred the married allowance to my wife. In the last tax year due to increased earned income, higher interest rates and frozen allowances for 2023/24 I have become a tax payer. When doing the self-assessment for 2023/24, I noticed that as well as my personal allowance being reduced by £1260, the starting rate for interest was also reduced. My wife did not have a corresponding increase in her starting allowance. This now means that between us we are paying £1260*20% more in tax than if we had no MA election in place. Is this how it should be? I have cancelled the MA going forward but can't cancel it for 2023/24 or 2024/25 (where the same problem will inevitably exist)