NEWS


  • MARRIAGE ALLOWANCE HELPING THREE MILLION COUPLES SAYS TREASURY MINISTER

    Mel Stride

    THREE MILLION married and civil partnered couples have had their finances boosted courtesy of the new Marriage Allowance since it was introduced in April 2015 according to HM Revenue and Customs (HMRC). The free tax break allows someone who earns less than £11,850 – the amount a person can earn before starting to pay Income Tax – to transfer £1,190 of their allowance to a spouse or civil partner, saving them £238 a year. But more than a million eligible couples are yet to claim the tax break and Treasury Minister Mel Stride MP is urging them to do so.

    Applying for Marriage Allowance is quick and easy and once an application is complete it is processed immediately. The new online form takes fewer than ten minutes to fill out and eligible customers will receive backdated claims of up to £662 as a lump sum.

    Central Devon MP Mel Stride, who serves as the Financial Secretary to the Treasury, said:

    “It is great news that so many couples are now benefitting from Marriage Allowance. This is an important tax relief that reflects the social importance of marriages and civil partnerships and provides a useful boost to a couples in various circumstances, including where one spouse or civil partner has to work less to take care of children. I would strongly urge those who haven’t yet managed to claim the money to do so right away. This year’s break, plus backdated payments could be worth £900.”

    Couples have four years to claim their backdated allowance and can apply at www.gov.uk/marriage-allowance.







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