New Marriage Allowance

Previous page
1st September 2016

This week we saw commentators talk about the new marriage allowance which has been introduced from 6th April 2015 saying it is potentially not worth the effort that HMRC will have to put in to administer the allowance. We disagree!

The allowance allows an individual with unused personal allowances to transfer £1060.00 of the PA to their spouse, as long as the spouse is a basic rate tax payer. This will bring a saving of up to £212.00 pa and is well worth the claim. We will be ensuring all our clients that are eligible will get this and it is definitely worth the effort.