Marriage Allowance from 15-16 tax year
Spouses can save tax from 15-16 tax year. The new marriage allowance will allow a spouse with unused PA (Personal Allowances) to transfer up to £1060.00 of their Personal Allowance to their spouse as long as the other spouse is a basic rate tax payer.
This will give a maximum potential saving in the tax year of £212.00
We are monitoring this for all our clients and ensuring if a claim can be made we make it on their behalf.
Give us a call if you would like to discuss this in more detail...Tel 01527 68235