The marriage allowance - are you missing out on over £200-a-year? The marriage allowance - are you missing out on over £200-a-year?
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The marriage allowance - are you missing out on over £200-a-year?

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by Jamie Phythian
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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?

                          Find out now!

 

Posted: 05/10/2017

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