Married couples and those in civil partnerships are being urged to say ‘I do’ to the Marriage Allowance. At the height of the summer wedding season, HM Revenue and Customs (HMRC) is reminding couples about the allowance, which allows married couples or people in civil partnerships to share their personal tax allowances.
It can apply if one partner earns below the personal allowance threshold of £12,570 and the other is a basic rate taxpayer. Couples who have been married for years can still qualify. Eligible couples can transfer 10% of their tax-free allowance to their partner, reducing the tax they pay by up to £252 a year.
You can apply at any time throughout the year and, if eligible, could backdate their claims by up to four previous tax years to receive a payment worth up to £1,242. People can claim directly through HMRC’s online portal on GOV.UK to ensure they receive 100% of the tax relief.
