HMRC Urges Couples to Claim Marriage Allowance

HMRC has urged 700,000 couples to claim the Marriage Allowance in order to save tax. Introduced in April 2015, the Marriage Allowance enables spouses to transfer a fixed amount of their personal allowance (PA) to their partner. The option is available to couples where neither pays tax at the higher or additional rate. If eligible, … Continue reading HMRC Urges Couples to Claim Marriage Allowance

A Million Couples Still Missing Out

According to HMRC, up to a million couples are still not taking advantage of a simple scheme that could save them up to £900. The Marriage Allowance was introduced in April 2015 and allows you to transfer £1,190 of your personal allowance to your partner. This could effectively save you up to £238 per year … Continue reading A Million Couples Still Missing Out

For Richer or Poorer – The New Marriage Allowance

Married couples and civil partnerships can now register their interest in the new Marriage Allowance which comes into effect from 6 April 2015. This is separate from the existing Married Couples Allowance which is already available to the over 80’s. The allowance means that an individual whose total income is below the tax threshold (i.e. … Continue reading For Richer or Poorer – The New Marriage Allowance