Marriage Allowance Update

It is now possible to transfer 10% of your personal allowance to your spouse or civil partner (£1,185 during the 2018/19 tax year).

Who qualifies? 

Only basic-rate taxpayers can benefit from this tax break, so the potential tax saving is £237 (£1,185 x 20%).

Unmarried couples are excluded – this was David Cameron’s rather feeble attempt to use the tax system to reward marriage.

Married couples can generally only benefit from this tax break if:

  • One person earns less than £11,850 (not including savings interest under £5,000) and is therefore wasting some of their personal allowance
  • The other person is a basic-rate taxpayer (i.e. earns less than £46,350)
  • Both individuals must have been born on or after 6 April 1935.

You have to register to use it:

Is it for you?

Potential winners are married couples where one person does not work (e.g. full-time parents) or only has a part-time job.

AJN Accountants are specialists in helping contractors, freelancers and small businesses to save tax and time.

Please contact us for more information:

T: 020 3866 8951

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