As we approach the end of the 2019/20 tax year, a reminder that couples may be eligible for the Marriage Allowance.
The Marriage Allowance lets one partner transfer 10% of their Personal Allowance (currently £1,250) to their husband, wife or civil partner if they earn more than them. They can benefit from the Marriage Allowance if all the following apply:
- they’re married or in a civil partnership;
- they do not pay income tax (for example, their income is below the Personal Allowance – currently £12,500);
- their partner pays income tax at the basic rate, which usually means their income is between £12,501 and £50,000 (in England & Wales).
Importantly, they can backdate their claim by up to four years, currently to include any tax year since 5 April 2015 that they were eligible for Marriage Allowance. You can read more about Marriage Allowance and apply online at: https://www.gov.uk/marriage-allowance
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