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Did you know that if you are married or in a civil partnership you can pass some of your tax personal allowance to your partner? In 2017 it was reported that 2 million couples were failing to claim Marriage allowance.
In April 2015 it became possible to transfer part of your personal tax allowance to your partner – provided that you were either earning between nothing and up to £11,850 (per annum for this tax year 2018/19). £11,850 is the current amount you can earn before you have to pay any income tax.
The other criteria is that the higher earner must have an income of at least £11,851 but no more than £46,350. This is the Basic rate tax band on which you will pay 20% income tax. Transferring some of the tax allowance to your partner can bring a tax saving of £238 for this year.
Basically you are transferring 10% of your tax free allowance to your married or civil partner. As the tax free allowances often change each year, the transferable amount will also change, as will the threshold of minimum and maximum earnings as these related to the tax bands.
And the good news – you can claim for past years back to 2015/16. This can be a rather nice little windfall for struggling families and it also applies to pensioners. If your partner has died and you would have been eligible for the marriage allowance, you can still make a back dated claim. gov.uk/marriage-allowance
Once you have transferred your allowance, it is back dated to the start of the tax year and will continue to be applied to your partner’s tax code until you notify them of change of circumstances such as the death of your partner, or changes in your earnings or relationship changes.
If you are married or in a civil partnership, living with your partner and one of you was born before 1935, then you will be able to claim the Married Couple’s Allowance instead – see: gov.uk/married-couples-allowance
This is worth more than the Marriage Allowance.
How to claim. You need both yours and your partner’s National Insurance numbers and proof of identity. You claim online see: gov.uk/apply-marriage-allowance