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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.
A Calm Guide to Getting Your Business Finances Organised
⭐ MARCH – WEEK 4 Helpful Hint: Your Time Is Valuable — Spend It Running Your Business, Not Doing Paperwork
⭐ MARCH – WEEK 3 Helpful Hint: Monthly Bookkeeping Saves You Money — DIY Costs You More Than You Think
⭐ MARCH – WEEK 2 Helpful Hint: Avoid HMRC Red Flags — Don’t Risk DIY Mistakes
⭐ MARCH – WEEK 1 Helpful Hint: Prepare Early for the New Tax Year — Don’t Repeat Last Year’s Mistakes
⭐ FEBRUARY – WEEK 4 Helpful Hint: Your Tax Return isn’t “Just a Form” — It’s a Financial Risk if Done Incorrectly
⭐ 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)
