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Around three million couples across the UK have boosted their finances with Marriage Allowance, HM Revenue and Customs (HMRC) announced today.
More than a million married and civil partnered couples are still eligible for the free tax break worth up to £238 a year. And thanks to the start of the new tax year couples can backdate their allowance and boost their payment up to £900 – just in time for the summer holidays.
Applying for Marriage Allowance is quick and easy and once an application is complete it’s 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. Over 300,000 couples have signed up for the Marriage Allowance tax break since March 2018.
Mel Stride MP, the Financial Secretary to the Treasury, said:
It’s great news that so many couples are now benefitting from Marriage Allowance. This is a really important tax relief and reflects the social importance of marriages and civil partnerships.
And I’d urge those that haven’t yet managed to claim the money to do so right away – it’s quick and easy to apply. Just search online for Marriage Allowance and go to the GOV.UK site.
Everyone has a tax-free personal allowance of £11,850 and no tax is due on income up to this amount. The Marriage Allowance allows a spouse or civil partner who is a non-taxpayer to transfer £1,190 of it to their partner.
About four million married couples, including around 15,000 civil partnerships, stand to benefit from the Marriage Allowance, which was introduced in April 2015.
Couples have four years to claim their backdated allowance and can apply online
This article contains public sector information licensed under the Open Government Licence v3.0. This article first appeared on the Gov.uk website. View the original article HERE.
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