Stay at home parent or earn under £11,000?
Well One of the very few perks of being married these days is the ability to transfer your unused tax allowance over to your husband/wife/civil partner this can reduce the tax they pay by up to £220 in a tax year, so just over £18 a month, which don’t sound a lot but ‘every bit helps’ as Tesco say.
The best bit is if you were eligible for Marriage Allowance in the 2015 to 2016 tax year, you can backdate your claim to 6 April 2015. So A nice little rebate worth around £220.
To find out how much you can save check out this link here.
So who can apply?
You can get the Marriage Allowance if all the following apply:
- You’re married or in a civil partnership
- You don’t earn anything or your income is under £11,000
- Your partner’s income is between £11,001 and £43,000
To apply it’s simple to do online but you do need quite a bit of information like your
- National Insurance numbers,
- The last 4 digits of the account that your child benefit, tax credits or pension is paid into,
- The last 4 digits of an account that pays you interest,
- Details from your P60,
- Details from any of your 3 most recent payslips.