Tax break could be extended to higher earners hints Prime Minister

A tax break for married couples could be introduced by 2015, David Cameron hinted yesterday. An annual £150 tax break for basic-rate taxpayers was pledged in the Conservative manifesto earlier this year but the prime minister has suggested that it may be extended to high earners as well, which could compensate for the loss of their child benefit payments scheduled for 2013. Four million married people would have been affected by the earlier plans to provide a tax break for taxpayers who did not use their full personal tax-free income allowance. Under the proposals, couples would also have been allowed to transfer £750 of their tax free personal allowance to their working partner.