It might not be the most romantic conversation to have on Valentine's Day, but unless you do, married and civil partnership couples across the UK could be missing out on £252 a year. HM Revenue and Customs (HMRC) warns that thousands of couples are missing out because they don’t realise they may be eligible.
With the cost of living crisis forcing most households to tighten their belts, ensuring that you are claiming or saving every penny possible is becoming ever more important. While discussing finances on the most romantic day of the year may not be top of your list, married and civil partnership couples are being urged to take the topic seriously and, as HMRC puts it, consider giving the gift of Marriage Allowance to their husband, wife or civil partner. It could save up to £252 a year.
More than 2.1 million couples currently benefit from Marriage Allowance, but HMRC estimates thousands more are missing out because they don’t realise they may be eligible, particularly couples where one partner has retired, has given up work to take on caring responsibilities, or is unable to work due to a long-term health condition.
