Thursday, 16 August 2018

DAILY TAX TIP: Use Marriage Allowance to Save £238 in Tax

DAILY TAX TIP:

Marriage Allowance lets you transfer £1,190 of your Personal Allowance to your husband, wife or civil partner. This can reduce their tax by up to £238 every tax year (6 April to 5 April the next year).


To benefit as a couple, you need to earn less than your partner and have an income of £11,850 or less (2018/19). Your partner’s income must be between £11,851 and £46,350 (England & Wales) for you to be eligible.