£220 Marriage Tax Allowance from the Government – Are You Missing Out?
- You have to be married OR in a civil partnership.
- One of you MUST earn less than £11,000 per year. The other MUST earn between £11,000 and £43,000.
- And you’ll need to apply online.
How does it work?
The partner that doesn't pay tax transfers up to £1,100 of their unused allowance to the partner who does. Reducing their tax by up to £220 per year.
You can apply, too, if one of you is receiving a pension.
If a couple were entitled to the allowance in 2015/16 but didn't claim, they can backdate it. So if you act now, your allowance could be worth £432.
HMRC believe that fewer than half of all entitled couples have claimed, and they're encouraging couples to apply on the Government's website.