Married? Are you missing out on a tax-break?

Are you married or in a civil partnership? You could be entitled to a £432 tax break thanks to the Marriage Allowance. HMRC estimates that around 4.2 million couples are eligible to reduce their tax payments thanks to this allowance, which was introduced last year. However, only a million people have claimed it so far. Are you one of the three million people missing out? Are you eligible to claim? Marriage allowance was launched on the 6th April 2016. It is aimed at couples where one partner may not be working, or is low waged, ...

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.