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.
03
Mar

Marriage Relief

Posted on in Tax
  • Font size: Larger Smaller
  • Hits: 1414
  • Print

George Osborne has recently announced a new tax break for married couples and those in a civil partnership in certain circumstances. The relief permits one of the parties, if they do not pay tax, to transfer up to £1,060 of their personal allowance to their spouse or civil partner. The relief commences on 6th April 2015.

Naturally with all reliefs there are conditions which are essentially as follows:

  1. The parties are married or in a civil partnership
  2. They have income of less than £10,600 from all sources (pensions, savings etc.)
  3. The party receiving the allowances has income between £10,601 and £42,385
  4. Both parties were born on or after 6th April 1935 (note where one party is born before this date then the couple are eligible for "Married Couples Allowance")

As a firm we shall be ensuring all our clients who are eligible for this relief are able to take advantage but if you have family members who you believe may be eligible then they can now sign up for this relief on the website at H M Revenue & Customs. 

If clarification of the conditions is needed please do not hesitate to contact Gary or Steve.

Last modified on

News Calendar

Loading ...

News Categories

Tax (35)
PAYE (2)
VAT (10)
LBW News (9)
Economy (7)
Accounting (11)
Payroll (7)
Savings (2)
Landlords (1)
Industry (1)
Marketing (1)
Pensions (1)