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Marriage Allowance - who can claim and what can you claim?
Marriage allowance lets you transfer £1,260 of your personal allowance to your husband, wife or civil partner.
This then reduces their ta bill by up to £252 in the tax year (6th April to 5th April the following year)
Personal Allowance is the standard allowance given which is tax free. Currently up to £12,570 (ask your accountant if you're unsure)
Who can apply?
You can claim marriage allowance if all of the following apply:
- You're married or in a civil partnership
- You do not pay income tax or your income is below your personal allowance
- Your partner pays income tax at the basic rate, which usually means their income is between £12571 and £50,270 before they receive marriage allowance.
You cannot claim marriage allowance if you are just co-habiting.
⭐ FEBRUARY – WEEK 3 Helpful Hint: Keep Business and Personal Finances Separate — It Saves You Money
⭐ FEBRUARY – WEEK 2 Helpful Hint: Don’t Ignore HMRC Letters — Get Professional Support Immediately
⭐ FEBRUARY – WEEK 1 Helpful Hint: Start the New Tax Year Organised — Avoid Another January Panic
⭐ WEEK 4 – Helpful Hint: Don’t Rush Your Return — Mistakes in January Are Costly (Let a Professional Handle It)
WEEK 3 – Helpful Hint: Check If You Need Payments on Account (And Why It’s Best to Let a Professional Handle It)
WEEK 2 – Helpful Hint: Don’t Miss Out on Allowable Expenses
Self Assessment Tax Return Help and Support
Working from Home? Here’s How to Claim Part of Your Household Bills as Business Expenses
When should you file your accounts?
Allowable expenses - comprehensive list of what can be claimed.
