- So let’s start off by saying that it isn’t just for married people – it applies to those who are married or in a civil partnership but not those who are just living together
- it’s not available to all couples who are married or in a civil partnership – rules apply
- You have to register your interest for the allowance – go to https://www.gov.uk/marriage-allowance
- You must earn less than £10, 660 / year including pensions, savings and investments
- You have to be born on or after 6 April 1935 (before this date you could get the age related married person’s allowance)
- Your spouse or partner must earn between £10, 601 and £42,385 / year – so higher rate tax payers don’t get the allowance
- Don’t expect a fortune – you can only transfer £1,060 of your personal allowance to your partner or spouse saving a maximum of £212 a year
I wonder if the Office of Tax Simplification reviewed this one before it went into the law books.
Tax doesn’t have to be taxing – so it beggars belief that each year it get flipping harder!