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HMRC figures show that just two in five couples are claiming the marriage allowance – the tax scheme introduced in 2015 by David Cameron to help married couples and civil partners pay less tax. With take-up being so low, it’s clear there is a general lack of awareness and understanding of the scheme.
The scheme enables people who earn less than the personal allowance (currently £11,500) to transfer up to £1,150 of their unused personal allowance to their husband, wife or civil partner. In practice, this means a current tax saving of £230 per tax year. But it is possible to backdate the claim to 5 April 2015 – so the tax savings can add up.
The marriage allowance is designed to benefit couples where one partner either isn’t working, or is perhaps in part-time employment. The following criteria apply:
However, the following exemptions apply:
We want to make sure everyone eligible takes advantage of the marriage allowance, and avoids paying unnecessary tax. So if you qualify, you really should be claiming the allowance. After all, every little scrap of tax advantage adds up!
It’s easy to apply, and you don’t need any professional help – just complete the online application on the GOV.UK website.
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