top of page

Could your marriage save you money?


Many people don't take advantage of the marriage allowance... it's pretty simple to claim.




If you’re married and one of you is a 20% (basic rate) taxpayer and other is earning less than tax free allowance, you are eligible to transfer up to £1250 (the amount you're able to earn tax free) of tax free allowance to your spouse / civil partner.


Who is eligible?


One of you must be earning below the threshold. The other must be a 20% basic rate payer That's pretty much it... really simple! 


For example, 

Jude and Cam have been married for five years. Jude works part time as a marketing consultant, whilst Cam works full time running a hairdressing business. 

Cam takes home £32000k each year and is a 20% basic rate tax payer. 

Jude take home £7000 per year, not using the full £12500 personal allowance. 

Jude can therefore transfer £1250 of their personal allowance over to Cam, meaning that Cam can now take £13750 tax free.


Happy days. 





You can also claim back for previous years. You can get a rebate by back-claiming by up to four years.



If you would like any help with this - let us know.


8 views0 comments

Recent Posts

See All

Kommentare


bottom of page