New Married Couples Allowance

From April 2015, more than 4 million married couples and 15,000 civil partnerships will be eligible for a tax break.

The allowance means a spouse or civil partner who doesn’t pay tax, therefore, is not earning at all or is earning below the basic rate threshold (£10,600), can transfer up to £1,060 of their personal tax-free allowance to a spouse or civil partner, as long as the recipient of the transfer doesn’t pay more than the basic rate of income tax. This could help the couple save up to £212 per year.

Click here to register for the allowance or get in touch with our Tax Team to find out more or call 0161 240 5040