Email us    0151 644 4848   
taxsave-header

 

Latest News

Welcome to the latest news section of our website, providing company updates as well as developments from the accounting sector.

Latest News

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
13
Apr

Marriage Allowance

Posted on in Tax
  • Font size: Larger Smaller
  • Hits: 1283
  • Print

The marriage allowance lets you transfer 10% of your personal allowance to your husband, wife or civil partner if they earn more than you. This can reduce their tax bill by up to £230 per year.

One of the couple must be a non-tax payer (earning less than £11,500 in 2017/18) and the other must be a basic rate taxpayer (earning less than £45,000 2017/18).

This relief is one of the most under claimed allowances with approximately only 50% of eligible couples claiming the marriage allowance.

If you have missed previous tax years, it may be possible for you to reclaim up to 4 years worth of marriage allowance (although the allowance was only available from 6 April 2015).

You can apply for the marriage allowance direct from HMRC’s website by clicking here.

Last modified on

News Calendar

Loading ...

News Categories

Tax (41)
PAYE (2)
COVID-19 (15)
LBW News (13)
VAT (10)
Economy (7)
Accounting (14)
Payroll (9)
Savings (2)
Industry (2)
Pensions (1)
Landlords (1)
Marketing (1)