Unclaimed Marriage Allowance

     

    Even though that this allowance has been around since April 2015 we are still regularly seeing new clients that are still completely unaware of this tax break and are yet to have made a claim.

    Take a look to see whether you are eligible, it could be a tax saving of up to £662.00!

    How it works

    Marriage Allowance lets you transfer £1,150 of your Personal Allowance to your husband, wife or civil partner – if they earn more than you.

    This reduces their tax by up to £230 in the tax year (6 April to 5 April the next year).

    To benefit as a couple, you (as the lower earner) must have an income of £11,500 or less.

    You can backdate your claim to include any tax year since 5 April 2015 that you were eligible for Marriage Allowance.

    So, a missed claim in 2015 was worth £212.00 in 2016 £220.00 and £230.00 this year, that’s £662.00 in total!

    Who can apply

    You can get Marriage Allowance if all the following apply:

    • you’re married or in a civil partnership
    • you don’t earn anything or your income is £11,500 or less
    • your partner’s income is between £11,501 and £45,000 (or £43,000 if you’re in Scotland)

    It won’t affect your application for Marriage Allowance if you or your partner:

    • are currently receiving a pension
    • live abroad – as long as you get a Personal Allowance.

    If you or your partner were born before 6 April 1935, you might benefit more as a couple by applying for Married Couple’s Allowance instead.

    How to apply

    It is really straight forward, click on the link below and follow the instructions!

    https://www.gov.uk/marriage-allowance/how-to-apply

    This information is subject to change and is not professional advice. Refer to our disclaimer for more details.  

     

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