From April 6th 2015 married couples will be allowed to transfer £1,060 of unused 2015/16 personal allowance to their spouse, provided they are both within the basic rate band. In order to apply for this transfer of personal allowance you must be:
This transfer of personal allowance will be in place until one of you cancels the Marriage Allowance, or your circumstances chance (death/divorce).
The Marriage Allowance is paid by changing the tax codes of employees, which can take up to 2 months, or on annual self-assessment tax return for self-employed tax payers.
Register your interest online
You can apply online to register your interest in the allowance if you think you are eligible. You will receive an email telling you when you’ll be able to claim the allowance, and this will be back dated to April 6th 2015.
It is expected that this is the start of further changes, providing more support and allowances for those couples on lower incomes.
For tax planning advice call us on 01273 882200 .
All details above were correct at the time of publishing - for more up to date information please
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