Can you claim the marriage allowance?

In a recent news story published on the GOV.UK website, HMRC confirmed that nearly 1.8 million married couples and those in civil partnerships are claiming the Marriage Allowance to save up to £252 a year in Income Tax.

The allowance enables married couples or those in civil partnerships to share their personal tax allowances if one partner earns an income under their Personal Allowance threshold of £12,570 and the other is a basic rate taxpayer.

They can transfer 10% of their tax-free allowance to their partner, which is £1,260 in the 2021-22 tax year. It means couples can reduce the tax they pay by up to £252 a year. Couples can also backdate their claims for any of the four previous tax years, which could be worth up to £1,220.

If you are eligible, and still not making a claim, you can complete an application online at https://www.gov.uk/apply-marriage-allowance.

Latest Blog
07
Dec

Pubs to open longer if UK nations reach Euros semis

In a potentially welcome announced for the hospitality industry in England and Wales,...

Read More
05
Dec

Winter support for pensioners

Pensioners across the country have started to receive up to £600 to help with e...

Read More
04
Dec

Tax Diary December 2023/ January 2024

1 December 2023 – Due date for Corporation Tax payable for the year ended 28 Fe...

Read More
04
Dec

Current State Pension age

The second review of the State Pension age has been published by the Department for W...

Read More