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How it works. Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. This reduces their tax by up to £252 in the tax year (6 April to 5...
If you're married or in a civil partnership and under 89 years old, you may be entitled to a £1,260 tax break called the marriage tax allowance – something around two million qualifying couples miss out on. It's really easy to apply and take advantage of this tax break.
- 5 min
Where one or both partners were born before 6 April 1935, you might be able to claim a more generous allowance, called Married Couple’s Allowance. For marriages before 5 December 2005, the husband’s income is used to work out Married Couple’s Allowance.
Overview. What you'll get. Eligibility. How to claim. Further information. What you'll get. Married Couple’s Allowance could reduce your tax bill each year if you’re married or in a civil...
Mar 14, 2022 · 14 March 2022. The tax year ends on Tuesday 5 April and MoneySavingExpert.com founder Martin Lewis has an urgent warning. Rules state you can only claim back tax for up to four years, so if you're owed money from the 2017/18 financial year, do it now or you lose the opportunity.
- James Flanders
- News Reporter
Apr 18, 2023 · In the Autumn Statement 2022 the Chancellor Jeremy Hunt announced that the married couple’s allowance would be £10,375 for 2023/24, increased in line with inflation from 2022/23. Tax relief for the allowance is ‘restricted’ to 10%. In effect taxpayers receive a credit worth 10% of the MCA to set against their final tax bill: ie, £1,038.
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Feb 11, 2022 · Eligible couples can transfer 10% of their tax-free allowance to their partner, which is £1,260 in the 2021 to 2022 tax year. It means couples can reduce the tax they pay by up to £252 a year.