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Reminder to claim the marriage allowance

Reminder to claim the Marriage Allowance

18 January 2024

The marriage allowance allows couples with one partner earning less than £12,570 (2023-24) to transfer up to £1,260 of their tax-free allowance. This potential tax break can be backdated to April 6, 2019, offering savings through HMRC’s online calculator. Apply on GOV.UK.

The marriage allowance applies to couples where one spouse or civil partner doesn’t pay tax above the basic rate threshold for Income Tax, currently earning less than the £12,570 personal allowance for 2023-24.

This allowance allows the lower-earner to transfer up to £1,260 of their tax-free allowance to their spouse or civil partner. It’s usable when the higher-earning partner doesn’t pay more than the basic 20% rate of Income Tax. Meaning they are typically having income between £12,571 and £50,270 (£12,571 and £43,662 in Scotland) for 2023-24.

Through this allowance, the lower-earner can transfer up to £1,260 of unused tax-free allowance to their spouse or civil partner. This potentially saves the recipient £252 or £21 per month in the current tax year. This potentially saves the recipient £252 or £21 per month in the current tax year.

If you meet the eligibility requirements and haven’t claimed the allowance, you can backdate your claim to April 6, 2019, resulting in a potential total tax break of up to £1,256 for 2019-20 to 2023-24.

Couples can use HMRC’s online Marriage Allowance calculator to check eligibility and apply on GOV.UK.

Source: HM Revenue & Customs Tue, 16 Jan 2024 00:00:00 +0100

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