The marriage allowance is something lots of people still don’t know about.
It came into effect in April 2015, and of the 4.2m couples eligible, around 50% are not claiming it!
So, what actually is the marriage allowance?
The marriage allowance works in situations where one partner is a non-taxpayer, earning less than £11,500 (2017/18) and the other pays income at the standard 20% rate.
You can qualify for up to £230 per year of marriage allowance if you meet these 3 conditions...
- You are married or in a civil partnership
- You or your partner earns less than £11,500 in 2017-18
- And the other earns between £11,500 - £45,000 (2017-18)
(or up to £43,000 in Scotland)
And it's gets better, you can backdate it.
If you’ve been eligible for marriage allowance during the 2015-16, 2016-17 and 2017-18 tax years, you could be entitled to up to £662 from HMRC right away!
How much are you entitled to?