Register your interest in the new Marriage Allowance and you could save up to £212 for the 2015/16 tax year.
Married couples and those in civil partnerships can now register their interest in the new tax break by entering basic details into H M Revenue & Custom’s Marriage Allowance registration page.
As long as you have satisfied their criteria, HMRC will contact you within 14 weeks inviting you to apply for the allowance online. Any of your partner’s unused personal allowance will then be transferred into your PAYE code.
To qualify for this tax break, you and your partner must have been born after 6 April 1935, your partner must have earnings below £10,600 per year plus up to £5,000 tax free savings interest, and you don’t pay tax at 40 or 45% which means your earnings are between £10,601 and £42,385 for the 2015/2016 tax year.
Call us on 0845 303 1144 if you wish to discuss any of the above in further.