I was under the impression that the new restrictions were only meant to target HR tax payers, however it also appears to penalise those who would normally have personal allowances available to transfer to husbands/wives. The basic rate relief (25% this year) is only given as a tax credit at the bottom of the Tax Calculation and restricted to tax due. Has anyone else noticed this? Was this intentional or not thought through? I would love to know your views and whether it has affected other people's clients.