Hi to all members of the forum, Have any one heard about this new law of Marriage Allowance? I read it somewhere and got to the website of GOV.UK and its there..is there anyone out there have can say about it?
Thanks
Mjwoz
Hi to all members of the forum, Have any one heard about this new law of Marriage Allowance? I read it somewhere and got to the website of GOV.UK and its there..is there anyone out there have can say about it?
Thanks
Mjwoz
To get any benefit out of this Marriage Allowance these specific circumstances need to apply:-
- You're married (or in a civil partnership).
- One of you must be earning equal or less than your free personal allowance of £10,600 and be the lower earner
- The other one must be a basic-rate taxpayer.
- Both of you must have been born after 6 April 1935.
I'm sure there'll be folks who can take advantage of this scheme. It works out an an extra £212
Do be aware though that you must transfer £1,060 of your free personal allowance.
If you have less than £1,060 left of your allowance to actually transfer then obviously you'll end up with income above your allowance and you'll end up paying tax on the amount you've gone over.
There should still be a net gain but just not as much.
I've checked it out but my income is £106 per annum too much to qualify!![]()
I cant see why they just didn't allow one spouse to have all the tax allowance for both and the other one pay the full whack on whatever they are earning.It would make it easier to comprehend for some folks.
Common sense and government's do not seem to be together
Every form seems over complicated (perhaps to put us off applying)
Mick.![]()
Sorry guys I know this post was ages ago but I wanna ask if it also applies for someone like me and my husband am not a UK citizen yet but my husband was born and raised here. Thanks!
Love is the sweetest disease ever!!!
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