Marriage allowance or Marriage tax allowance? - Leonie Knows
Marriage allowance or Marriage tax allowance? - Leonie Knows So what actually is Marriage Tax Allowance? If you are married or living in a civil partnership; you could be entitled to a tax break of £1,188 this is what is classed as the marriage tax allowance or married tax allowance. Millions of couples from the UK are missing out on this benefit which can reduce the amount of income tax you pay. What is Marriage Tax Allowance and who qualifies for a marriage tax allowance? Qualifying for the HMRC marriage allowance; allows the lower income earner in a marriage or civil partnership to transfer £1260 of their personal allowance to the higher-earning partner. (the £1260 figure provided is the amount you can earn tax-free each tax year). Once a claim is successful; the higher earners' tax bill is reduced for the year and future year, you can also look to claim this marriage tax allowance for previous years up to 4 years before the claim date. Who qualifies for this marriage ta...
