- Sunday, May 21, 2017
On 6th April 2015 a new marriage allowance came into force. This means that up to 10% of a spouse’s or civil partner’s unused personal allowance can be transferred, effectively reducing their tax bill by up to £212.
You can apply for marriage allowance if both of the following apply:-
- Your partners income is between £10,601 and £42,385
- You and your partner were born on or after 6th April 1935
This will continue automatically until one of you cancels the marriage allowance or your circumstances change
If you are eligible to apply for this allowance and have not yet done so, any applications received by the Revenue will be back dated to 6th April 2015.
All applications need to be completed online at www.gov.uk/marriage-allowance-guide/how-to-apply
Chris DaviesChartered Financial Adviser
Chris is a Chartered Independent Financial Adviser and leads the investment team.